Strategy Resumes Bitcoin Purchases with $369 Million Acquisition

Strategy Inc., the largest corporate bitcoin holder, purchased 4,603 bitcoin worth approximately $369.7 million after halting accumulation for about 10 weeks.

The company bought the bitcoin between August 24-30 at an average price of $80,318 per coin, increasing its holdings to 845,050 bitcoin.

The total acquisition cost reached approximately $63.73 billion with an average price of $75,412 per bitcoin, funded from the proceeds of common stock sales through an ATM program.

Strategy sold approximately 4.53 million MSTR shares and generated net proceeds of $602.8 million during this period.