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● LIVE Updated 2h ago · 5 sources tracked

Strategy resumes bitcoin purchases as BTC rallies back to $84,500

Michael Saylor's Strategy has purchased 950 BTC, marking the company's first acquisition of the cryptocurrency since August. The move coincides with Bitcoin rallying to $84,500, its highest price point since January. In addition to the asset purchase, Strategy executed a $174 million buyback to shrink STRC. The price surge has significantly shifted the company's financial position, moving Strategy from a $10 billion unrealized loss to an $8 billion profit as Bitcoin approached $85,000.

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  • ✓ This is the first Bitcoin purchase by Strategy since August.
  • ✓ Bitcoin reached a price of $84,500.
  • ✓ Bitcoin is at its highest price since January.
🛡️ Source Corroboration: 5 independent reporting domains (95% confidence) ⏱ Read time: ~2 min

What changed

Strategy purchased 950 BTC and conducted a $174 million STRC buyback.

Live updates

  1. Strategy resumes bitcoin purchases as BTC hits $84,500

    Michael Saylor's Strategy has purchased 950 BTC, marking the company's first acquisition of the cryptocurrency since August. The move coincides with Bitcoin rallying to $84,500, its highest price point since January. In addition to the asset purchase, Strategy executed a $174 million buyback to shrink STRC. The price surge has significantly shifted the company's financial position, moving Strategy from a $10 billion unrealized loss to an $8 billion profit as Bitcoin approached $85,000.

    Why it matters

    Strategy employs a corporate treasury strategy of accumulating Bitcoin as a primary reserve asset. The current rally reverses a period of stagnation in purchases that lasted from August until this week.

    What is confirmed

    • Strategy bought 950 BTC.
    • This is the first Bitcoin purchase by Strategy since August.
    • Bitcoin reached a price of $84,500.
    • Bitcoin is at its highest price since January.
    • Strategy executed a $174 million buyback of STRC.

    Still unconfirmed

    • Strategy swung from a $10 billion unrealized loss to an $8 billion profit.

    What to watch next

    • Further Bitcoin price movements toward $85,000
    • Additional STRC buyback announcements
    • Next scheduled Bitcoin acquisition by Strategy
    Sources used for this update (6)
    1. coindesk.com — Strategy resumes bitcoin purchases as BTC rallies back to $84,500
    2. finance.yahoo.com — Michael Saylor's Strategy jumps as the company says it bought more bitcoin
    3. Seeking Alpha — Strategy buys 950 BTC, shrinks STRC with $174M buyback
    4. Barron's — Bitcoin Is at Its Highest Price Since January. Strategy Buys the Cryptocurrency.
    5. Bloomberg.com — Saylor’s Strategy Makes First Purchase of Bitcoin Since August
    6. finance.yahoo.com — Strategy Swings From $10B Unrealized Loss to $8B Profit as Bitcoin Hits $85K
    confidence 95%
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