Strategy Resumes Bitcoin Purchases and Stock Repurchases
- Strategy acquired 950 Bitcoin (BTC) for $75.7 million at an average price of $79,670 per coin.
- Total Bitcoin holdings now stand at approximately 846,000 BTC, valued at around $63.8 billion.
- With Bitcoin trading at $84,925, Strategy holds an unrealized gain of about $8.05 billion.
- The company repurchased approximately 1.77 million shares of its STRC preferred stock for $174 million.
- Strategy’s cash reserves decreased to $1.05 billion from $1.30 billion in the past week.
These transactions reflect Strategy’s ongoing commitment to accumulating Bitcoin while managing its preferred securities and cash reserves effectively.
Following the recent purchase of BTC, Strategy’s total holdings represent a significant investment in cryptocurrency with substantial unrealized gains.(Source)
