Crypto
Strategy Adds Another 950 BTC to Its Growing Holdings
Strategy, led by its co-founder and former CEO Michael Saylor, has resumed purchasing Bitcoin (BTC) after a three-week hiatus. The company bought an additional 950 BTC for $75.7 million at an average price of $79,670.
This purchase brings Strategy's total BTC holdings to 846,000 units, acquired for $63.8 billion at an average price of $75,416 per unit. The value of its Bitcoin stash has skyrocketed to $71.7 billion due to the asset's recent price surge to $84,800.
Strategy's move comes as a response to the recovery of its STRC stock, which has risen from a low of $75 to close at $98.51 on Friday, near its par price of $100. The company also repurchased $174 million worth of STRC.