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Strategy Buys $370M Of Bitcoin In First Purchase Since June
Strategy Buys $370M Of Bitcoin In First Purchase Since June
Via Decrypt.co,
Strategy has started buying Bitcoin again after a summer spent selling it.
The Bitcoin treasury company picked up 4,603 BTC for $369.7 million in the week to August 30, at an average of $80,318 apiece, according to a filing with the Securities and Exchange Commission.
That takes its stack to 845,050 BTC, bought for $63.73 billion at an average of $75,412.
It paid for the purchase by issuing stock. Strategy sold 4,531,421 MSTR shares through its at-the-market programme over the same week, raising $602.8 million net of commissions.
Bitcoin...
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