Strategy Maintains 840K Bitcoin Holdings as Cash Reserve Hits $4.8B
Strategy Inc., a Nasdaq-listed company, has maintained its Bitcoin holdings at 840,447 BTC since August 10. The latest SEC filing shows no purchases or sales of Bitcoin during this period.
The company's Bitcoin reserve was acquired for $63.36 billion at an average price of $75,385 per Bitcoin, including fees and expenses.
Strategy has been actively managing its cash reserve, which has reached a new high of $4.8 billion. This includes proceeds from the sale of 3,458,866 MSTR shares through its at-the-market program, generating $333.7 million in net proceeds.
The company's executive chairman, Michael Saylor, highlighted the addition of $150 million to its USD reserve and the repurchase of $132.2 million worth of STRC shares, extending the USD duration to 2.8 years.