Strategy · Bitcoin · Federal Reserve (FED) · Michael Saylor · Decrypt
Strategy Picks up $370 million of Bitcoin in First Purchase Since June
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Strategy has started buying Bitcoin again after a summer spent selling it.
Key facts
- Strategy has acquired 4,603 BTC for $370M, increased USD Cash by $29M, and repurchased $152M of $STRC
- The Bitcoin treasury company picked up 4,603 BTC for $369.7 million in the week to August 30, at an average of $80,318 apiece, according to a filing with the Securities and Exchange Commission
- Strategy sold 6,948 BTC for roughly $432.5 million between May and August, working out at about $62,250 a coin
- Strategy also repurchased 1,557,177 STRC shares for $151.8 million during the week, leaving $364.8 million of the $1 billion digital credit repurchase authorisation
Summary
Strategy bought 4,603 Bitcoin for $369.7 million between August 24 and 30, its first purchase in around two months. It funded the buy by selling 4,531,421 MSTR shares through its at-the-market programme, raising $602.8 million. The firm's Bitcoin holdings now stand at 845,050 BTC, with $6.71 billion in dollar assets across its USD Reserve and USD Cash pots. The Bitcoin treasury company picked up 4,603 BTC for $369.7 million in the week to August 30, at an average of $80,318 apiece, according to a filing with the Securities and Exchange Commission.