Strategy Adds 1,665 BTC to Portfolio Amid STRC Stock Buyback

Strategy, a Bitcoin treasury firm, has made another significant purchase of BTC, adding 1,665 coins to its portfolio for $142.7 million at an average price of $85,681 per coin.

This acquisition brings Strategy's total holdings of BTC to 847,666, purchased at an average price of $75,437 per coin for a total of $63.95 billion.

The firm has been buying back its STRC stock in an effort to drive the price back up to its par value of $100. Last week, Strategy repurchased nearly $152 million worth of shares, bringing the total number of STRC shares it holds to an unspecified amount.

Strategy's MSTR stock sales funded this latest BTC purchase, with over 1.46 million shares sold for $246.2 million. Despite these at-the-market (ATM) sales, the MSTR stock has climbed over 285% in the past month and is up over 2% year-to-date.