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Crypto

Microstrategy Resumes Bitcoin Purchases After 10-Week Hiatus

Guavy AI Editorial Team
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BTC
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Microstrategy (MSTR) stock rose on Monday after the company resumed buying Bitcoin, ending a 10-week pause in acquisitions.

The acquisition was funded through sales of MSTR shares under its at-the-market program, with the company selling 4,531,421 MSTR shares for approximately $602.8 million between Aug. 24 and Aug. 30.

This latest purchase takes Strategy's total Bitcoin holdings to 845,050 BTC, acquired at an average cost of $75,412 per BTC.

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