Bitcoin · Strategy · Federal Reserve (FED) · Michael Saylor · Bitcoin Magazine
Bitcoin treasury Strategy resumed its bitcoin buys last week, snapping up nearly $370 million in the leading cryptocurrency
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A filing with the Securities and Exchange Commission shows that Strategy bought 4,603 bitcoins for $369.7 million between August 24 to August 30.
Key facts
- Strategy now has $5.1 billion in its USD Reserve and $1.61 billion its new USD Cash reserve, which was announced last week
- A filing with the Securities and Exchange Commission shows that Strategy bought 4,603 bitcoins for $369.7 million between August 24 to August 30
- Bitcoin was trading for $77,821 on Monday morning in New York after hitting a high last week of $81,281
- The company holds 845,050 bitcoins worth $65.8 billion at today’s prices
Summary
The bitcoin treasury last week spent nearly $370 million on the big orange coin after taking a break to rebalance its cash reserves. Bitcoin treasury Strategy resumed its bitcoin buys last week, snapping up nearly $370 million in the leading cryptocurrency, according to a Monday announcement from the company. The buy comes after Strategy paused its bitcoin buys in June, instead focusing on building a cash buffer, buying back its stock and even sometimes selling some of its holdings. “Strategy is evolving from one-way capital issuance to active capital management,” Strategy CEO Phong Le said in June.