Strategy Acquires Additional Bitcoin, Total Holdings Now at 848,250 BTC
- Strategy purchased 250 Bitcoin for $21.5 million last week.
- The company’s total Bitcoin holdings now stand at 848,250 BTC.
- Funding for the purchase included $21 million from common stock sales and $500,000 from existing cash.
- Strategy repurchased $192.4 million of its STRC preferred stock during the week.
- As of Sunday, the company held a USD Cash balance of $640.5 million and a US Reserve of $4.88 billion.
The recent Bitcoin acquisition marks a slowdown in Strategy’s purchasing activity, with only a 0.2% increase in holdings during Q3 after acquiring 7,218 BTC while selling 5,553 BTC. This trend indicates a cautious approach amid fluctuating market conditions.
Last week’s purchase reflects Strategy’s ongoing commitment to increasing its Bitcoin assets despite recent declines in acquisition volume.(Source)
