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Strategy Resumes Bitcoin Accumulation, Purchasing 4,603 BTC

Covered by 2 sources · 2 articles

Strategy has resumed active bitcoin buying after a two-month hiatus, purchasing 4,603 BTC for $369.7 million at an average price of $80,318 per unit. The acquisition was funded through proceeds from a common stock offering that brought in $602.8 million, with only a portion deployed toward the bitcoin purchase.

The move marks a return to Strategy's core strategy of accumulating bitcoin as a treasury asset. The timing and scale signal confidence in the asset's value at current levels, though the company retained significant capital from the equity raise for other purposes.

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Strategy Resumes Bitcoin Accumulation With A Fresh $370M Purchase Last Week
Crypto Economy 14h ago

Strategy Resumes Bitcoin Accumulation With A Fresh $370M Purchase Last Week

TL;DR Strategy resumed its bitcoin purchases after a two-month pause, acquiring 4,603 BTC for $369.7 million at an average price of $80,318 per unit. The operation was funded through the sale of common shares for $602.8 million, part of whi…

Crypto News Flash 17h ago

Strategy Resumes Bitcoin Accumulation, Purchasing 4,603 BTC

Strategy (NASDAQ: MSTR) has officially stepped back into an active accumulation phase, deploying capital from a recent stock offering to acquire 4,603 Bitcoin (BTC). According to an SEC Form 8-K filing, the corporate treasury giant capitali…