Strategy Resumes Bitcoin Buying with $370M Acquisition

Strategy, a company known for its Bitcoin holdings, has resumed buying after a two-month break. The firm acquired 4,603 BTC at an average price of $80,318 per coin last week when the cryptocurrency traded above $80,000.

The purchase brought Strategy's total Bitcoin holdings to 845,050 BTC, which were acquired for $63.73 billion at an average price of $75,412.

The company financed the Bitcoin purchase with proceeds from its at-the-market common stock program. It sold 4,531,421 MSTR shares, generating $602.8 million in net proceeds during the week.

Strategy allocated $369.7 million to Bitcoin and spent $151.8 million repurchasing 1,557,177 shares of its STRC preferred stock.