Strategy buys $370M Bitcoin in first corporate purchase since June
Summary
Strategy bought 4,603 Bitcoin for $370 million, its first Bitcoin purchase in two months. The purchase price averaged $80,318 per BTC, bringing total holdings to 845,050 BTC at a cumulative cost of $63.3 billion, or an average of $75,413 per coin. The buy was financed by proceeds from a $602 million MSTR common stock sale; part of those proceeds also went to boost cash reserves and repurchase preferred stock. Michael Saylor signaled the return to accumulation with a “We’re Back” post before the filing. The company’s preferred STRC stock trades below its $100 par value, which can constrain fundraising and may pressure dividend terms.
