Strategy Resumes Bitcoin Purchases After Two-Week Pause
Strategy, led by Michael Saylor, has resumed buying Bitcoin after a two-week pause. According to its latest SEC filing, the company 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, accumulated for roughly $63.8 billion at an average cost of $75,416 per Bitcoin. 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 to balance its Bitcoin accumulation with ongoing preferred stock management and a large cash position. The company repurchased approximately 1.77 million shares of STRC for $174 million during the same week.