Strategy resumes Bitcoin buying with $65.5 million purchase
BROBROK News · Based on reporting by Decrypt ·
Strategy bought 811 BTC for $65.5 million after pausing purchases for a week, according to an SEC filing. The company also used cash to buy back STRC preferred shares, which reduced its USD Cash balance.
Key points
- Strategy acquired 811 BTC at an average price of $80,846 per coin.
- The purchases were funded in part by selling MSTR shares for $164 million in net proceeds.
- The company now holds 849,327 BTC, acquired for about $64.08 billion in total.
- It spent $208.2 million repurchasing 2,092,035 STRC shares.
- MSCI may review the company under a rule that excludes firms dominated by a single asset.
Why it matters
Strategy remains one of the largest corporate Bitcoin holders, so its buying and capital moves are closely watched as a gauge of institutional demand. The stock and index-related risks also matter for investors tracking the firm’s financing strategy.
Original headline: “Strategy Resumes Bitcoin Buys With $66M Purchase”
Summary and analysis written by BROBROK News from the original report. Read the full story on the source website. Not investment advice.