Strategy Buys 1,666 Bitcoin, Up 75% From Last Week's Purchase
MSTR sits 93% above its 52-week low of $81.81.
Summary
Strategy bought 1,666 Bitcoin between Sept. 21 and Sept. 27 at an average price of $85,681 per token, funded by $103.5M from stock sales and $48.1M cash, a 75% increase from last week's 950 BTC purchase. The company now holds 847,666 BTC, the largest corporate Bitcoin position. At current prices near $83,251, the purchase is worth roughly $138.7 million. Cumulative purchases total about $64B at an average of $75,437, with $18.84B of stock available for future issuance. This follows a period of uneven buying, including four sales totaling 6,916 BTC between June 30 and August 10, and a $174 million preferred share buyback last week. The company also repurchased STRC in a $294 million capital shuffle. The larger purchase may signal renewed conviction, but next Monday's filing will show whether the pace is sustained.
Updated with a Bloomingbit report · What changed
Updates
· Bloomingbit — The purchase was made between Sept. 21 and Sept. 27 at an average price of $85,681 per token, funded by $103.5M from stock sales and $48.1M cash. Cumulative purchases total about $64B at an average of $75,437, with $18.84B of stock available for future issuance.
At the time of this announcement, MSTR was trading at $157.68 on NASDAQ in the Crypto Assets sector, with a market capitalization of approximately $60.9B. The 52-week trading range was $81.81 to $365.21. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Beincrypto.