Crypto· Bitcoin

Strategy buys $370M Bitcoin in first corporate purchase since June

Michael Saylor’s Strategy acquired 4,603 Bitcoin for $370 million, marking the first acquisition from the largest corporate Bitcoin holder in two months. Strategy acquired 4,603 Bitcoin (BTC) at an average purchase price of $80,318, pushing its holdings to 845,050 BTC, acquired for a total of $63.3 billion at an average price of $75,413, according to a Monday 8-k filing with the Securities and Exchange Commission.

By AI NewsroomPublished about 13 hours agoUpdated about 3 hours ago2 views

Strategy buys $370M Bitcoin in first corporate purchase since June

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Key Facts

Fact 1: Michael Saylor’s Strategy acquired 4,603 Bitcoin for $370 million, marking the first acquisition from the largest corporate Bitcoin holder in two months.
Fact 2: Strategy acquired 4,603 Bitcoin (BTC) at an average purchase price of $80,318, pushing its holdings to 845,050 BTC, acquired for a total of $63.3 billion at an average price of $75,413, according to a Monday 8-k filing with the Securities and Exchange Commission.
Fact 3: The Bitcoin purchase was funded by the net proceeds of a 602 million MSTR common stock sale.
Fact 4: The company used $30 million of the net proceeds to increase its USD Cash reserve and $151.8 million to repurchase its preferred STRC stock.

The Bitcoin purchase was funded by the net proceeds of a 602 million MSTR common stock sale. The company used $30 million of the net proceeds to increase its USD Cash reserve and $151.8 million to repurchase its preferred STRC stock. Nasdaq-traded MSTR was up less than 1% in Monday’s pre-market activity, after dropping more than 7% on Friday.

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