Strategy · Bitcoin · Bitcoin Magazine
Strategy Smash Picks up $21.5 million in BTC as It Continues Bitcoin Accumulation
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OG bitcoin treasury Strategy has spent the past four weeks buying BTC.
Key facts
- The Nasdaq-listed bitcoin treasury spent $21.5 million on 250 bitcoins from October 5 and October 11, according to a Monday filing
- Strategy now holds 848,250 bitcoins worth $70.2 billion at today’s prices
- But since the company started buying bitcoin in August 2020, MSTR has appreciated by nearly 1,000%
- It added that it also spent $192.4 million repurchasing its STRC preferred stock
Summary
Bitcoin juggernaut Strategy has bought more BTC as it pivots back to accumulating weekly. The Nasdaq-listed bitcoin treasury spent $21.5 million on 250 bitcoins from October 5 and October 11, according to a Monday filing. It added that it also spent $192.4 million repurchasing its STRC preferred stock. Strategy now holds 848,250 bitcoins worth $70.2 billion at today’s prices.