Strategy Resumes Bitcoin Purchases, Adds $75.7 Million as BTC Nears $85,000
Strategy resumed Bitcoin purchases with 950 BTC for $75.7 million, its first weekly buy since late August.
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Strategy resumed Bitcoin purchases with 950 BTC for $75.7 million, its first weekly buy since late August.
Strategy still holds 840,447 BTC and has added substantial dollar liquidity, but its latest disclosures show no confirmed return to buying.
The liquidity pool follows $2.01 billion in MSTR share sales and sits separately from Strategy’s $5.10 billion reserve for debt and...
Michael Saylor said a buyback isn't a priority for Strategy despite its $4.8 billion cash reserve, but didn't rule one out.
Strategy raised $333.7 million by selling MSTR shares but made no Bitcoin purchases or sales, leaving its 840,447 BTC holdings unchanged.
Strategy sold $108.6 million in Bitcoin to fund a STRC preferred stock buyback, its second straight week of selling rather than buying.
Strategy has paused Bitcoin purchases since June 22, building its dollar reserve to $3 billion instead.
Strategy's stock hit a multi-year low and its preferred shares fell to an all-time low, forcing a Bitcoin sale to cover dividend...
Strategy acquired 1,550 BTC after selling 32 BTC, expanding its Bitcoin holdings and reinforcing its long-term cryptocurrency strategy.
MSTR fell after Saylor said Strategy could sell Bitcoin to fund dividends.
Peter Schiff warns Strategy’s Bitcoin-heavy financing model risks a “death spiral” as rising debt and yield obligations outpace sustainable...
Strategy resumed bitcoin buying with a $330M purchase, extending its holdings to 766,970 BTC while remaining over $4B below cost basis.