Strategy Spends Nearly 9 Times as Much on STRC as Bitcoin
12 Articles
12 Articles
Strategy Adds 250 Bitcoin for $21.5M While Slowing Its Overall Pace
Strategy bought 250 Bitcoin last week. The price tag: $21.5 million, pushing the firm’s total stash to 848,250 BTC. The… Read the original on Strategy Buys 250 Bitcoin for $21.5M as Accumulation Slows to 0.2% Growth. For more crypto news and analysis, visit TheCurrencyAnalytics.com.
Strategy increased its Bitcoin holdings to 848,250 BTC with a new purchase worth $21.5 million. While the company's latest purchase is smaller than its previous announcement, the amount it spent to repurchase preferred shares during the same period reached approximately nine times its Bitcoin investment.
Strategy’s Bitcoin Holdings Rise by 250 BTC to 848,250
Strategy acquired 250 more Bitcoin last week as part of its ongoing accumulation program, spending $21.5 million to expand its holdings to 848,250 BTC. The purchase marked a second straight week where the company’s weekly Bitcoin buying declined, according to an announcement posted on Strategy’s website. Financing for the acquisition came from a mix of [...]
Strategy Buys $21.5M Bitcoin And Repurchases $192.4M STRC
Strategy purchased 250 Bitcoin over the past week for $21.5 million, increasing its total digital asset holdings to 848,250 BTC. It also repurchased 1.93 million shares of STRC preferred shares for $192.4 million. The company’s low net leverage indicates a strong corporate balance sheet that could withstand severe Bitcoin drawdowns. Strategy (MSTR) resumes its Bitcoin (BTC)-buying streak with another multimillion-dollar purchase for the fourth c…
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