Strategy buys 1,036 Bitcoin as BTC holdings climb to 850,364
Strategy bought $81.9 million in Bitcoin last week while spending $188.3 million repurchasing STRC preferred shares, according to its latest SEC filing.
Strategy bought 1,036 Bitcoin for $81.9 million last week, bringing its holdings to 850,364 BTC.
The company paid an average of $79,012 per BTC last week, according to its Monday filing with the US Securities and Exchange Commission.
Strategy said it paid a total of $64.16 billion for its Bitcoin holdings, at an average price of $75,456 per coin. Its holdings now account for roughly 4.05% of Bitcoin’s maximum 21 million supply.
Since the start of October, Strategy has spent about $1.06 billion buying back its STRC preferred shares, nearly five times the $219.7 million it spent on Bitcoin over the same period.
Strategy raised $283.8 million in net proceeds last week by selling about $2.05 million shares of tis common stock (MSTR) through its at-the-market offering program.
Strategy used $188.3 million of those proceeds to repurchase about 1.89 million STRC shares, following $208.2 million in buybacks the previous week. It spent $81.9 million on Bitcoin and allocated another $13.6 million to its USD Cash balance.