Strategy resumes bitcoin purchases following a notable rally, acquiring 950 BTC last week for $75.7 million. The average price per Bitcoin was $79,670. This move comes amid Bitcoin’s recent surge to $84,500, contributing to the increased market enthusiasm. As a result, MSTR shares rose by 7% in pre-market trading, aligning with Bitcoin’s 4.5% gain over the past 24 hours. Strategy’s renewed investment strategy reflects a significant commitment to expanding its cryptocurrency holdings amidst favorable market conditions.
Strategy purchased 950 BTC last week for $75.7 million at an average price of $79,670 per coin. The company reported that the 950 BTC purchase was funded from the USD reserve. The same disclosure noted that USD cash was used in two principal ways: $174 million was applied to fund STRC repurchases, and $75.7 million was applied to purchase bitcoin. The accounting separated the uses of USD cash from transfers drawn from the USD reserve.
The company also reported that $57.4 million of the USD reserve funded dividends on its preferred stock. The USD reserve was reported to sit at $5 billion and USD cash at $1 billion. The disclosure attributes the 950 BTC acquisition and the preferred-stock dividends to the USD reserve while identifying USD cash as the source for STRC repurchases and a portion of the bitcoin purchase. These amounts were provided alongside the company’s updated cash and reserve balances.
The reported breakdown lists the USD reserve and USD cash as the identified sources for the transactions described. The figures align with the company’s stated allocations for STRC repurchases, bitcoin purchases, and preferred-stock dividends.
Strategy now holds 846,000 BTC, acquired at a total cost of $63.81 billion and an average price of $74,417 per coin. These figures are the company’s reported aggregate bitcoin holdings and the cumulative acquisition cost basis. The reported totals reflect the sum of prior purchases and include the most recent acquisitions disclosed by the company. The company’s stated average per-coin acquisition price is the arithmetic mean of its cumulative bitcoin purchases.
These reported amounts summarize Strategy’s stated bitcoin position and acquisition-cost averages. They present the company’s disclosed totals for holdings, total cost and average price without additional commentary.
Bitcoin climbed to $84,500, recording a 4.5% gain over the past 24 hours. MSTR shares rose 7% in pre-market trading alongside the bitcoin gain. These reported movements occurred during the cited trading period and summarize contemporaneous changes in bitcoin’s price and MSTR’s share performance across pre-market trading and the prior 24 hours.
Strategy has resumed Bitcoin purchases funded from its USD reserve while Bitcoin rallied, with recent disclosures listing the transfers from the USD reserve and the company’s reported cash and reserve balances. These actions constitute ongoing investment activities by the company and are presented without additional data or detailed explanations in the disclosed information.
