CoinDesk
Strategy added 950 BTC last week, spending about $75 million in its first Bitcoin purchase in roughly three weeks. The company funded the buying with $80.1 million from common-stock sales, according to a Monday regulatory filing.
Why it matters
The purchase resumes Strategy’s regular Bitcoin accumulation after a pause. Led by Executive Chairman Michael Saylor, the company now holds 846,000 BTC acquired for $63.81 billion, at an average price of $74,417 per coin.
The filing also showed that remaining proceeds went toward repurchasing $174 million of STRC preferred stock and strengthening Strategy’s cash reserves.
Market impact
MSTR shares rose 7% in premarket trading as Bitcoin traded near $84,500, up 4.5% over the previous 24 hours. The move keeps Strategy’s equity and capital-markets activity closely tied to Bitcoin’s price and the company’s ongoing treasury purchases.
Frequently asked questions
-
How much Bitcoin did Strategy buy last week?
Strategy added 950 BTC last week, with the purchase valued at about $75 million.
-
How did Strategy fund the Bitcoin purchase?
The company funded the buying with $80.1 million from sales of common stock.
-
How much Bitcoin does Strategy hold now?
Strategy holds 846,000 BTC acquired for $63.81 billion at an average price of $74,417 per coin.
-
What did Strategy do with the remaining stock-sale proceeds?
The remaining proceeds were used to repurchase $174 million of STRC preferred stock and strengthen the company’s cash reserves.
-
How did MSTR shares react to the purchase?
MSTR shares rose 7% in premarket trading as Bitcoin traded near $84,500 and gained 4.5% over the previous 24 hours.
TheBlock
WuBlockchain
CoinTelegraph
WatcherGuru
Lookonchain