Strategy Snaps Up 950 BTC in First Purchase Since Late August

Strategy Inc., led by Executive Chairman Michael Saylor, has made its first Bitcoin purchase since late August. The company acquired 950 BTC for $75.7 million at an average price of $79,670 per coin.

The funding for this purchase came from the sale of $80.1 million worth of common stock. Strategy used the remaining proceeds to repurchase $174 million of its STRC preferred stock and boost its cash reserves.

This new addition brings Strategy's total Bitcoin holdings to 846,000 BTC, acquired at an average price of $74,417 per coin. The value of these holdings now stands at over $63.81 billion.