Strategy Dives Back into Bitcoin with $370 Million Purchase

Strategy, the company behind the MSTR ticker, made its first Bitcoin purchase since June by investing $369.7 million to acquire 4,603 BTC for its corporate treasury.

The acquisition averaged a price of $80,318 per BTC, boosting Strategy's total holdings to 845,050 BTC, according to a filing with the US Securities and Exchange Commission (SEC) on Monday.

Strategy funded the purchases with proceeds from its at-the-market (ATM) stock offering program, which generated $602.8 million from sales of its Class A common stock (MSTR).