Crypto
Strategy Buys 4,600+ Bitcoins for $370 Million After Weeks-Long Hiatus
Strategy, the world's largest publicly traded Bitcoin holder, has resumed its purchasing activity after weeks of inactivity. The company made a significant move by buying 4,603 BTC for $370 million.
This latest purchase brings Strategy's total Bitcoin holdings to 845,050 BTC, exceeding 845,000 BTC.
The company increased its cash reserves in US dollars by $29 million during the same period. It also repurchased approximately $152 million worth of STRC shares, a series of variable-rate preferred stocks issued by the company.