Strategy Buys 950 Bitcoins for $75.7M, Repurchases STRC Shares

Strategy, a publicly traded Bitcoin treasury company, has resumed buying BTC after a two-week pause. The company acquired 950 Bitcoins for $75.7 million at an average price of $79,670 per coin between Monday and Sunday.

This purchase brought 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 its perpetual preferred stock, STRC, for $174 million during the same week.