Strategy Resumes Consecutive Weekly Bitcoin Buys After Three-Month Drought

Michael Saylor-led Strategy has resumed consecutive weekly Bitcoin purchases after a three-month stretch without them. The company acquired 1,665 BTC for $142.7 million during the week ended Sept. 27, paying an average of $85,681 per token. This is its first back-to-back weekly buys since June.

The latest purchase was about 75% larger than the prior week's buy, which totaled 950 BTC for $75.7 million. Strategy's Bitcoin holdings have reached a new all-time high of 847,666 BTC, acquired for around $63.9 billion at an average price of $75,437.

Mark Harvey, a Bitcoin analyst, noted that Strategy has now repurchased all the Bitcoin it sold during the quarter and added more. This extends its streak of consecutive quarters with net Bitcoin growth to 24.