Strategy Resumes Bitcoin Buying, Tops 846,000 BTC Holdings
Strategy (NASDAQ: MSTR), led by Michael Saylor, resumed buying Bitcoin after a two-week pause. The company acquired 950 BTC for $75.7 million at an average price of $79,670 per coin.
This purchase brings Strategy's total holdings to 846,000 BTC, making it the dominant corporate Bitcoin holder. In comparison, Strive (NASDAQ: ASST) added 1,355 BTC for $107.7 million, outpacing Strategy in both volume and dollar terms last week.
Notably, Strategy continued aggressively buying back its STRC preferred stock, repurchasing 1.77 million shares for $174 million over the past week alone.
The combined weekly spend across both transactions totals nearly $250 million, with Strategy's board having authorized up to $2 billion for Digital Credit Securities buybacks.