Strategy Buys 950 Bitcoin Worth $75M as STRC Repurchases Continue
Strategy, the largest publicly traded Bitcoin treasury company in the world, has resumed buying Bitcoin after a two-week pause. The company purchased 950 BTC for $75.7 million at an average price of $79,670 per coin between Monday and Sunday.
This acquisition brings Strategy's holdings to 846,000 BTC, acquired for about $63.8 billion at an average cost of $75,416 per Bitcoin, including fees and expenses. With Bitcoin trading at $84,925 at the time of publication, Strategy was sitting on an unrealized gain of about $8.05 billion on its holdings.
The company also repurchased 1.77 million shares of STRC perpetual preferred stock for $174 million during the same week. Strategy still has $875.1 million available under its preferred-stock repurchase program and $1 billion remaining under its MSTR share repurchase program.