Strategy Adds 950 BTC as Bitcoin Reaches Eight-Month High

Strategy, a company known for its Bitcoin holdings, has added to its position with a purchase of 950 BTC. The acquisition was made between September 14 and 20, at an average price of $79,670 per coin.

The total value of the purchase is approximately $75.7 million, lifting Strategy's holdings to 846,000 BTC. This positions Strategy as one of the largest Bitcoin holders in the market.

Strategy has been actively managing its cash reserves, repurchasing $174 million worth of STRC and maintaining a USD Reserve of around $5.04 billion. The company is also generating interest from its preferred stock holdings.

The recent purchase marks Strategy's first weekly Bitcoin addition since late August. The acquisition comes as the broader market rebounds, fueled by ETF demand, short covering, and improving risk appetite.