Strategy Returns to Buying Bitcoin with Modest $75.7 Million Purchase
Strategy has resumed buying Bitcoin after a three-week pause, acquiring 950 BTC for approximately $75.7 million between September 14 and September 20.
The average price of each coin was $79,670, including fees and expenses, according to the company's latest regulatory filing.
This purchase increased Strategy's Bitcoin holdings to 846,000 BTC, acquired for a total of approximately $63.8 billion at an average cost of $75,416 per coin.
The transaction was financed from existing USD Cash rather than through new at-the-market share sales, which is different from the company's historical model of raising fresh capital and quickly directing proceeds into Bitcoin.