Strategy Resumes Bitcoin Buying with $76M Purchase

Michael Saylor's company Strategy has resumed buying Bitcoin after a two-week pause. According to an SEC filing, the firm acquired 950 BTC for $75.7 million at an average price of $79,670 per coin. This purchase brings Strategy's total Bitcoin holdings to 846,000 BTC, which were bought for approximately $63.8 billion at an average cost of $75,416 per coin.

At the time of publication, Bitcoin was trading around $84,925, resulting in an unrealized gain of about $8.05 billion on Strategy's treasury position. This development comes as part of a broader trend of corporate Bitcoin accumulation, with other firms also increasing their holdings.