Strategy Lands Another Big Bitcoin Purchase, Total Holdings Now Over 847K

Strategy has continued its aggressive bitcoin purchasing strategy by buying an additional 1,665 BTC last week. This brings their total holdings to a staggering 847,666 BTC.

The purchase was worth $142.7 million and was funded through the sale of 1.47 million MSTR shares for net proceeds of $246.2 million.

Strategy has been actively managing its funds by expanding its bitcoin holdings while reducing the amount of preferred STRC shares. The company's cash balance fell to $1 billion from $1.05 billion the previous week, and its U.S. dollar reserve declined to $5.02 billion after paying $22.1 million in dividends.