Strategy Inc. Resumes Bitcoin Purchases After Two-Month Hiatus

Strategy Inc., led by Executive Chairman Michael Saylor, has resumed its bitcoin purchases after a hiatus since late June. The company bought 4,603 coins last week for $369.7 million at an average price of $80,318 each.

The funds used to buy the bitcoin came from selling $602.8 million worth of common stock. Any remaining proceeds were allocated towards buying back Strategy's STRC preferred stock and increasing its cash reserves.

As a result of this latest purchase, Strategy now holds 845,050 bitcoin, valued at $63.73 billion with an average price per coin of $75,412.