Strategy returns to bitcoin buys, adding $75 million of BTC last week
Strategy Inc. has purchased an additional $75 million in Bitcoin, funded by the sale of common stock. The company continues to aggressively expand its crypto holdings, which now total 846,000 BTC.
Why it matters
Large-scale corporate accumulation of Bitcoin impacts market liquidity and reflects institutional confidence in cryptocurrency as a treasury asset.
The purchase was funded through the sale of $80.1 million of common stock, according to a Monday morning regulatory filing. The remaining proceeds were used to repurchase $174 million of the company’s STRC preferred stock and bolster its cash reserves.
Led by Executive Chairman Michael Saylor, Strategy now holds 846,000 BTC, acquired for a total of $63.81 billion at an average price of $74,417 per coin.
MSTR shares rose 7% in pre-market trading as bitcoin climbed to $84,500, gaining 4.5% over the past 24 hours.
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