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Crypto

Strategy Inc. Ends 10-Week Bitcoin Selling Streak with $369.7M Purchase

Guavy AI Editorial Team
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BTC
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Strategy Inc., the world's largest corporate crypto holder, has ended its unprecedented ten-week selling streak by purchasing 4,603 BTC between August 24 and 30 for $369.7 million.

The company, led by Executive Chairman Michael Saylor, paid a slight premium to the current spot market, securing the latest tranche at an average price of $80,318 per coin.

Strategy's return to accumulation has sent its shares up between 1% and 2% in pre-market trading ahead of Monday's NYSE open.

The company's digital assets now stand at a total of 845,050 BTC, with a total cost basis of $63.73 billion and a blended average price of $75,412 per coin.

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