Strategy resumes bitcoin purchases as BTC rallies back to $84,500
Summary
Strategy bought 950 BTC for $75.7 million last week, its first bitcoin purchase since late August, at an average price of $79,670 per coin. The purchase came from its USD reserve. Strategy also spent $174 million repurchasing STRC and $57.4 million on preferred-stock dividends. Its USD reserve stands at $5 billion, with $1 billion in USD cash. The company now holds 846,000 BTC, acquired for $63.81 billion at an average of $74,417 each. MSTR shares rose 7% in pre-market trading as bitcoin gained 4.5% to $84,500.
