Strategy buys $370 million of Bitcoin in first corporate purchase since mid-June
AI Market Summary
Strategy resumed Bitcoin accumulation, buying 4,603 BTC for $370M at an average $80,318, its first purchase since mid-June, lifting holdings to 845,050 BTC. Funding came from $602M net proceeds of an MSTR common-stock sale, alongside actions to bolster cash and repurchase STRC preferred shares. The transaction reinforces ongoing institutional demand, while STRC's discount-to-par highlights funding-cost sensitivity.
Impact level
● Medium
Affected assets
BTC/USDT-1.52%
AI Insight · BTC/USDTAI Insight
▲ Bullish
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Strategy bought 4,603 bitcoin for $370 million, its first increase since mid-June, paying an average $80,318 per coin. The purchase was funded by $602 million in net proceeds from sales of MSTR common stock. The company used part of the proceeds to boost its USD cash reserve and repurchase STRC preferred stock. Strategy now holds 845,050 bitcoin at a total cost of $63.3 billion.
