Strategy Resumes Bitcoin Purchases After 10-Week Hiatus

Strategy (MSTR) stock rose on Monday after the company resumed buying Bitcoin (BTC), ending a 10-week pause in acquisitions.

The acquisition of 4,603 BTC for approximately $369.7 million between Aug. 24 and Aug. 30 was funded through sales of MSTR shares under its at-the-market (ATM) program.

Strategy sold 4,531,421 MSTR shares for approximately $602.8 million during the period, with $151.8 million allocated to repurchase STRC preferred stock and $50.7 million to STRC dividends.