Strategy Adds 950 BTC as Holdings Reach Record High

Strategy, the company that calls itself the first Bitcoin Treasury Company, has resumed its Bitcoin buying after a three-week break. The purchase of 950 BTC added $75.7 million to Strategy's holdings, bringing their total to 846,000 BTC. This position was built over time at an average acquisition price of $75,416 per Bitcoin.

The company spent about $174 million repurchasing STRC preferred stock during the same period. The timing of these transactions coincided with a sharp rally in the price of BTC, which crossed $86,000 on September 21 for the first time since January.