Strategy Buys $370M of Bitcoin at Record Price

Strategy, an investment firm, has made its first Bitcoin purchase since June, buying 4,603 BTC for $369.7 million at an average price of $80,318.

This marks a significant shift from the company's earlier strategy, which saw it sell 6,948 BTC between May and August for roughly $432.5 million, averaging about $62,250 per coin.

The latest purchase brings Strategy's total Bitcoin holdings to 845,050 BTC, acquired for approximately $63.73 billion at an average cost of $75,412 per Bitcoin.

Strategy funded the purchase primarily through its equity program, generating $602.8 million after commissions from selling 4,531,421 MSTR shares during the same week.