Strategy Resumes Massive Bitcoin Purchases with $75.7 Million Buy

Strategy, Michael Saylor's company, has ended its two-week pause on Bitcoin purchases. According to an SEC filing, Strategy acquired 950 BTC for $75.7 million at an average price of $79,670 per unit.

This purchase brings Strategy's treasury to 846,000 BTC, with a total value of approximately $63.8 billion at an average cost of $75,416 per bitcoin. With Bitcoin trading at $84,925 at publication, the company's unrealized gain is around $8.05 billion.

Strategy also repurchased $174 million worth of its STRC shares, reassuring investors about its ability to manage commitments while continuing to buy BTC. However, its cash treasury declined by nearly 20% in one week, falling from $1.30 billion to $1.05 billion.