Strategy purchased 950 Bitcoin, rebuilding its holdings to 846,000 BTC.
Strategy is buying Bitcoin again, though the bulk of its holdings is already on its balance sheet. Last week, Michael Saylor’s company acquired 950 BTC for $75.7 million, bringing its total stockpile to exactly 846,000 BTC a figure representing approximately 4% of all existing Bitcoin. At the same time, Strategy spent an additional $174 million to repurchase STRC preferred shares, meaning roughly $250 million in cash was deployed across two very different investments.
#BitcoinHits$85K #SaylorHintsStrategyBitcoinBuy
Strategy is buying Bitcoin again, though the bulk of its holdings is already on its balance sheet. Last week, Michael Saylor’s company acquired 950 BTC for $75.7 million, bringing its total stockpile to exactly 846,000 BTC a figure representing approximately 4% of all existing Bitcoin. At the same time, Strategy spent an additional $174 million to repurchase STRC preferred shares, meaning roughly $250 million in cash was deployed across two very different investments.
#BitcoinHits$85K #SaylorHintsStrategyBitcoinBuy
