Strategy Resumes Buying Bitcoin with $76M Purchase, Continues STRC Repurchases

Michael Saylor's Strategy has resumed buying Bitcoin after a two-week pause. Between Monday and Sunday, it acquired 950 BTC for $75.7 million at an average price of $79,670 per coin. This purchase brings Strategy's total holdings to 846,000 BTC, acquired for about $63.8 billion at an average cost of $75,416 per Bitcoin.

Strategy continues to balance its Bitcoin accumulation strategy with managing a growing collection of preferred securities and billions of dollars in cash reserves. With Bitcoin trading at $84,925 at the time of publication, Strategy is sitting on an unrealized gain of about $8.05 billion on its holdings.

In addition to buying more BTC, Strategy continued repurchasing its perpetual preferred stock, STRC. It spent $174 million buying back approximately 1.77 million shares during the same week.