Strategy Expands Bitcoin Holdings and Repurchases STRC Shares
- Strategy acquired an additional 250 BTC for approximately $21.5 million, increasing its total holdings to 848,250 BTC.
- The average acquisition price of the recent purchase was $86,194 per BTC.
- Michael Saylor confirmed the acquisition on October 12, following a teaser announcement on social media.
- Strategy also repurchased $192.4 million in STRC preferred shares, part of a broader capital management strategy.
- The company maintains approximately $5.5 billion in U.S. dollar assets and has a remaining $354.8 million available for further stock repurchases.
Strategy’s latest bitcoin purchase underscores its commitment to expanding its cryptocurrency reserves while managing its capital through strategic share buybacks. The dual approach highlights the company’s focus on maintaining liquidity alongside substantial Bitcoin investments.
With this acquisition, Strategy’s cumulative investment in bitcoin now totals approximately $64 billion at an average price of $75,444 per BTC, demonstrating a long-term confidence in the digital asset market.(Source)
