Strategy Investments Resumes Bitcoin Buying with $369M Purchase

Strategy Investments restarted its Bitcoin buying program after a 10-week hiatus, acquiring 4,603 BTC for $369.7 million on average per coin.

The purchase was funded entirely from the proceeds of MSTR share sales, not from Strategy's $5.1 billion USD Reserve, which is only used for preferred dividends and debt interest unless authorized by the board.

Strategy allocated $369.7 million to Bitcoin buying, $151.8 million to repurchasing STRC preferred shares, $50.7 million to STRC dividends, and $30 million to its more flexible USD Cash account.

This purchase lifted Strategy's holdings to 845,050 BTC, acquired for an aggregate $63.73 billion at an average cost of $75,412 per coin.