Strategy BTC Holdings Buys 950 More Bitcoin; USD Reserve at $5.10 Billion
Strategy BTC Holdings, a company that invests in Bitcoin, has acquired an additional 950 BTC, bringing its total holdings to approximately 846,000. This is not the only significant development for the company as it has also repurchased $174 million worth of its STRC preferred stock.
The USD Reserve held by Strategy stood at $5.10 billion on September 13, while its USD Cash balance was $1.30 billion on the same date. The company's recent activity follows a period where it made no Bitcoin purchases or sales. It is worth noting that earlier in the year, during a market downturn, unrealized losses on Strategy's Bitcoin holdings exceeded $10 billion.
Strive, another company involved in digital assets, has also made significant moves. Its CEO Matt Cole announced that the company acquired 1,355 BTC for $107.7 million, bringing its total holdings to 26,355 BTC. This purchase was made at an average price of $79,475 per coin.