Strategy Buys Back Most of Its Bitcoin Holdings at Higher Price

Strategy, an investment firm led by Michael Saylor, has made its first Bitcoin purchase in over two months. The company bought $370 million worth of BTC at an average price of $80,318 on August 31.

This move comes after four consecutive sales that brought in roughly $430 million for Strategy. At the time of those sales, the prices ranged from $59,000 to $64,000 per Bitcoin.

The latest purchase was executed at a higher price than the recent sales, resulting in more than $80 million in sacrificed shareholder value when accounting for both the higher repurchase price and the foregone opportunity cost.