Strategy · Bitcoin · Bitcoin Magazine
Strategy and Strive Scoop Up More Than 2,700 Bitcoin in a Week
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The two top bitcoin treasuries last week spent a combined $232.5 million on BTC.
Key facts
- Elsewhere, the fifth biggest bitcoin treasury, Strive, said it had last week snapped up 1,107 BTC for a total cost of $94.5 million, bringing its holdings to 27,462 coins
- Bitcoin’s price recently stood at close to $83,409, down 3% over the past week
- The Nasdaq-listed company added that it had also bought back $152 million in its preferred stock, STRC
- Strategy, the largest corporate holder of bitcoin, announced Monday that it had bought 1,665 coins last week for $142.7 million, its second buy in a row after a brief hiatus
Summary
Strategy, the largest corporate holder of bitcoin, announced Monday that it had bought 1,665 coins last week for $142.7 million, its second buy in a row after a brief hiatus. The Nasdaq-listed company added that it had also bought back $152 million in its preferred stock, STRC. Elsewhere, the fifth biggest bitcoin treasury, Strive, said it had last week snapped up 1,107 BTC for a total cost of $94.5 million, bringing its holdings to 27,462 coins. The two companies have continued to stack coins despite the bitcoin treasury model taking a hit.