Strategy (MSTR) Restarts Bitcoin Purchases After Selling, Picks up 1,550 BTC for $101 Million
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Strategy resumed its bitcoin accumulation strategy with a $101 million purchase of 1,550 BTC, rebuilding confidence after its first bitcoin sale in years and bringing its holdings to 845,256 BTC.
Key facts
Executive Chairman Michael Saylor confirmed the buy on social media, stating that Strategy’s total bitcoin reserve now stands at 845,256 BTC, acquired for under $64 billion at an average price
On June 1, the firm disclosed it had sold 32 BTC between May 26 and May 31 for roughly $2.5 million, its first bitcoin sale since late 2022
Strategy resumed its bitcoin accumulation strategy with a $101 million purchase of 1,550 BTC, rebuilding confidence after its first bitcoin sale in years and bringing its holdings to 845,256 BTC
Strategy (MSTR) returned to the bitcoin market this week, purchasing 1,550 BTC for approximately $101 million, its first acquisition since a controversial sale of 32 bitcoin drew scrutiny
Summary
Strategy (MSTR) returned to the bitcoin market this week, purchasing 1,550 BTC for approximately $101 million, its first acquisition since a controversial sale of 32 bitcoin drew scrutiny from investors and analysts. Executive Chairman Michael Saylor confirmed the buy on social media, stating that Strategy’s total bitcoin reserve now stands at 845,256 BTC, acquired for under $64 billion at an average price of $75,680 per coin. The acquisition was financed through at-the-market sales of Class A common stock. Strategy’s return to buying follows a turbulent stretch.