Strategy Resumes Bitcoin Purchases After Two-Week Pause
Strategy, the publicly traded Bitcoin treasury company led by Michael Saylor, resumed its Bitcoin purchases after a two-week pause. The company acquired 950 BTC for $75.7 million during the week from Monday through Sunday at an average price of $79,670 per coin.
The new buy lifts Strategy's total Bitcoin holdings to 846,000 BTC, accumulated for roughly $63.8 billion at an average cost of $75,416 per Bitcoin (including fees and expenses). At the time of publication, Bitcoin was trading at $84,925, implying an unrealized gain of about $8.05 billion on the treasury's position.
Strategy continued repurchasing STRC preferred stock, spending $174 million on about 1.77 million shares. Strategy's 'USD Cash' fell nearly 20% to $1.05 billion week over week, reflecting dividend and debt-related payments.