Strategy Resumes Bitcoin Purchases with $76M Deal
Strategy Inc., led by Michael Saylor, has resumed its Bitcoin purchases after a three-week hiatus. The company acquired 950 BTC worth approximately $75.7 million between September 14 and September 20, with an average price of $79,670 per coin, including fees.
This purchase marks the firm's first since August 31 and brings Strategy's total stash to 846,000 BTC. The company has accumulated this position over the years at a cost of approximately $63.8 billion, making it far and away the largest corporate holder of Bitcoin on the planet.
With Bitcoin trading near $85K, Strategy's entire position is valued at around $72 billion, resulting in unrealized gains of approximately $8 billion. The company also holds $1.05 billion in USD cash reserves as part of its total $5.04 billion in reserves.