Strategy Pauses Bitcoin Purchases as Strive Continues Accumulation
Strategy, led by Michael Saylor, has paused its Bitcoin purchases for two weeks. During this time, it repurchased 1,420,467 STRC shares using $139.3 million. This move reflects Strategy's new life as a company with a massive crypto treasury and various financial needs.
Strive, on the other hand, continued to accumulate Bitcoin, purchasing an additional 469 BTC for $36.6 million at an average cost of $77,954 per coin. This brings its total holdings to 25,000 BTC.
The company's treasury, which holds 845,050 BTC, remains unchanged. However, Strategy has grown and now has more taps to open or close, including the possibility of monetizing up to $5 billion in BTC for certain financial needs.