Strategy Resumes Bitcoin Buying After 10-Week Drought

Strategy has resumed buying Bitcoin after a ten-week hiatus, purchasing 4,603 BTC worth nearly $370 million at an average price of $80,318 per coin. This move comes as Bitcoin's recent rally has pushed Strategy's massive holdings back into unrealized profit.

The company used the sale of $602.8 million worth of common stock to fund its purchase, with $151.8 million of the proceeds going towards repurchasing shares of its STRC preferred stock and the remaining capital added to its cash reserves.

Strategy's current Bitcoin position is valued at approximately $66.25 billion, putting it roughly $2.5 billion above its aggregate purchase cost.