Strategy Buys 1,665 More Bitcoin And Spends $152M Buying Back STRC
Summary
Strategy accelerated Bitcoin buying while also reducing one preferred security. It bought 1,665 BTC for about $142.7 million at an average price of $85,681 per coin, lifting total holdings to 847,666 BTC acquired for roughly $63.95 billion, or $75,437 per BTC on average. The purchase followed a prior week’s 950 BTC buy. Strategy funded the move partly by selling about 1.47 million MSTR shares for net proceeds of $246.2 million. About $142.7 million of that funded Bitcoin purchases, while $103.5 million helped repurchase STRC. It bought back about 1.53 million STRC shares for $151.7 million, using roughly $48.1 million of cash for the remainder.
