Michael Saylor’s Strategy Acquires $370 Million in Bitcoin
- Strategy acquired 4,603 Bitcoin for $370 million, marking its first purchase since June.
- The average purchase price was $80,318, increasing total holdings to 845,050 BTC.
- Funding came from a $602 million sale of MSTR common stock, with $30 million added to USD cash reserves.
- Michael Saylor announced the resumption of Bitcoin accumulation via a tweet stating “We’re Back.”
- Strategy’s preferred stock, STRC, traded at a discount of approximately 2.67% to its par value.
This acquisition highlights Strategy’s ongoing commitment to expanding its Bitcoin holdings and is part of a broader strategy involving capital management through stock sales and dividend funding.
With this latest purchase of 4,603 BTC, Strategy has invested a total of $63.3 billion in Bitcoin at an average price of $75,413 per coin.
