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Crypto

Michael Saylor's Strategy Resumes Bitcoin Buying After Two-Week Pause

Guavy AI Editorial Team
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BTC
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Michael Saylor's Strategy has returned to buying Bitcoin after a two-week pause. The company acquired 950 BTC between September 14 and 20, spending $75.7 million in total. The average transaction value was $79,670/BTC.

The latest purchase brings Strategy's Bitcoin reserves to 846,000 BTC, with an investment of $63.80 billion into its Bitcoin holdings. The company financed the acquisition with USD Cash instead of MSTR stock sales.

This is the first major Bitcoin buy for Strategy since August 31, when it acquired 4,603 BTC for $370 million. The average price of Bitcoin purchased during this period was $80,318.

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