Strategy Boosts Bitcoin Holdings to 848000 BTC After $28.7 Million Purchase

Strategy has significantly increased its Bitcoin holdings, acquiring an additional 334 BTC for $28.7 million between October 1 and October 4. This purchase brings the company's total Bitcoin holdings to 848,000 BTC, with an average price of $85,839 per bitcoin. The total investment in Bitcoin now stands at approximately $63.97 billion.

In addition to its Bitcoin purchases, Strategy spent $176.3 million on buying back its own shares (STRC) between September 28 and October 4. The company also reported a substantial estimated gain of $20.91 billion on its digital assets for the third quarter. As of September 30, its Bitcoin holdings were valued at $70.82 billion.