Strategy · Bitcoin · New York · Bitcoin Magazine
Strategy Keeps Buying: Third Purchase This Month Brings October Spending to $73 Million
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The bitcoin treasury company notched its third buy of October last week.
Key facts
- Strategy stock (NASDAQ: MSTR) was trading nearly 2% higher Monday morning New York time at about $139 per share
- The largest corporate holder of bitcoin, Strategy, bought another 267 BTC last week, bringing its holdings to 848,517 digital coins, worth $69.5 billion at today’s prices
- The latest buy allowed Strategy to snap up slightly more coins than its transaction the previous week, when it spent again $22 million on 250 BTC
- Monday’s filing also shows that Strategy also repurchased $193.1 million of its STRC preferred stock
Summary
The largest corporate holder of bitcoin, Strategy, bought another 267 BTC last week, bringing its holdings to 848,517 digital coins, worth $69.5 billion at today’s prices. According to a Monday filing, the software company said it spent slightly more than $22 million on buying the new bitcoins. The latest buy allowed Strategy to snap up slightly more coins than its transaction the previous week, when it spent again $22 million on 250 BTC. Strategy stock (NASDAQ: MSTR) was trading nearly 2% higher Monday morning New York time at about $139 per share.