Strategy Buys Back into Bitcoin, Two-Thirds Offset

Strategy, a company that holds one of the largest corporate positions in Bitcoin (BTC), has resumed buying after a two-month hiatus. During its sales period between June 30 and August 10, it offloaded 6,916 BTC at an average price of approximately $62,100.

This means the firm sold a significant portion of its holdings at a lower price point before repurchasing 4,603 BTC at an average price of $80,310 per unit. This acquisition took place during the previous week when Bitcoin jumped past $80,000 for the first time since last May.

The reacquired 4,603 BTC managed to offset approximately two-thirds of everything the firm sold during the summer. What's quite intriguing is that Strategy's purchase came at a price almost $18,000 per BTC higher than the average during the sales.