Strategy Boosts Bitcoin Holdings, Repurchases STRC in Over $150 Million Move

Strategy (MSTR.US), a company that continues to expand its cryptocurrency holdings, has made significant moves in recent weeks. In the South, its Southern Double Long MSTR (07799) fund surged over 5% after doubling its position, with a turnover of HK$1.4858 million.

Notably, Strategy purchased 1,665 Bitcoins at an average price of $85,681 per coin on September 27, marking a substantial increase in its Bitcoin holdings. This move comes after a three-month buying lull, and the latest round of purchases represents a surge of approximately 75% compared to the prior week.

Additionally, Strategy deployed $48.1 million in cash for STRC repurchases, bringing the total amount spent on STRC buybacks to $151.7 million. This dual-track approach reveals distinct strategic intentions: purchasing Bitcoin aims to bolster the company's core asset reserves, while repurchasing STRC pertains to managing the preferred-stock component within Strategy's overall financing structure.