Strategy Buys Back $369M Worth of Bitcoin at $80k

Michael Saylor's company Strategy has resumed buying Bitcoin after selling off its holdings at $62,250 per coin earlier this year. The firm let go of 6,948 BTC between May and August for a total of $432.5 million.

However, with the price of Bitcoin now over $80,000, Strategy bought back 4,603 BTC on Monday at an average cost of $80,318 per coin.

This move is seen as positive by analysts, as it demonstrates that the company is taking advantage of the current market conditions to replenish its Bitcoin holdings.

Other companies, such as Strive and Bitmine, have also increased their Bitcoin purchases in recent days.