Strategy Resumes Bitcoin Buying with $75.7M Acquisition

Strategy, led by Michael Saylor, has 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, according to its SEC filing.

This purchase lifted Strategy's total Bitcoin holdings to 846,000 BTC, which were acquired for approximately $63.8 billion at an average cost of $75,416 per coin (including fees and expenses).

Strategy also continued repurchasing its STRC preferred stock, spending $174 million for about 1.77 million shares.

The company's 'USD Cash' balance fell to $1.05 billion, while its 'USD Reserve' decreased slightly to $5.04 billion following dividend and debt-interest payments.