Strategy · Bitcoin · Michael Saylor · CLARITY Act · Bitcoin Magazine
Strategy and Strive Announce $182.7 Million Bitcoin Buy as Price Rallies Past $86,000
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The two top bitcoin treasuries made big BTC buys last week.
Key facts
- Strategy said that it last week bought 950 bitcoins for $75.7 million, its first buy since August, and Strive snapped up 1,355 BTC for $107.7 million
- Bitcoin treasuries kicked off Monday with a bang, with Strategy and Strive announcing they scooping up a combined 2,305 BTC for $182.7 million
- After a 10-week hiatus, the company started buying bitcoin again in the final week of August, scooping up nearly $370 million in the leading cryptocurrency
- Its bitcoin holdings now stand at 846,000 coins, worth $72.7 billion at today’s prices
Summary
Bitcoin treasuries kicked off Monday with a bang, with Strategy and Strive announcing they scooping up a combined 2,305 BTC for $182.7 million. Strategy said that it last week bought 950 bitcoins for $75.7 million, its first buy since August, and Strive snapped up 1,355 BTC for $107.7 million. Strategy, the biggest corporate holder of bitcoin, also repurchased $174 million of its STRC perpetual preferred shares. On some occasions, the company even sold small bits of its BTC stash, despite founder and chairman Michael Saylor famously preaching to “never sell your bitcoin.” After a 10-week hiatus, the company started buying bitcoin again in the final week of August, scooping up nearly $370 million in the leading cryptocurrency.