Strategy Buys $370M Bitcoin in First Corporate Acquisition Since June
The purchase was funded by $602.8 million from common stock sales, with $151.8 million used to repurchase STRC preferred stock and boost cash reserves.
- On Monday, Strategy acquired 4,603 Bitcoin for $369.7 million, marking the company's first purchase since mid-June and raising total holdings to 845,050 BTC.
- Executive Chairman Michael Saylor signaled the resumption on Sunday by posting "We're Back" on social media, while the purchase was funded through a 602 million MSTR common stock sale.
- The company allocated remaining proceeds toward $151.8 million in STRC preferred stock repurchases and $30 million to increase its USD Cash reserve.
- Nasdaq-Traded MSTR rose 1.65% in Monday pre-market activity, while STRC stock gained 0.44% to trade at $97.33 following the announcement.
- Strategy now holds 845,050 BTC at an average purchase price of $75,412, continuing to execute its capital framework balancing Bitcoin accumulation with shareholder returns.
18 Articles
18 Articles
Saylor’s Strategy Restarts Bitcoin Buying, Spending $370 Million
Strategy Inc. resumed Bitcoin purchases after a 10-week pause, returning to its signature accumulation strategy after the crypto bear market pressured its shares, weakened confidence in the financing model and prompted a balance-sheet overhaul.
₿ Strategy's Bitcoin Break is Over. After a break of over two months, Strategy purchased 4,603 BTC worth $369.7 million. 💰 Strategy's total Bitcoin reserves have risen to 845,050 BTC, and its outstanding profit has exceeded $2.602 billion. ♦️ BitMine 5.9 million ETH...
Strategy Buys $370M in Bitcoin as BTC Price Trades Near $78,000
TLDR: Strategy bought 4,603 more BTC for $369.7 million, lifting total holdings to 845,050 bitcoin. Average purchase price hit $80,318 per coin, well above Strategy’s $75,412 average cost basis. Bitcoin trades near $77,600, down 1.12% daily but still up 0.90% across the past week. Strategy’s net leverage stayed at zero percent, with total USD assets [...] The post Strategy Buys $370M in Bitcoin as BTC Price Trades Near $78,000 appeared first on …
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