'We're back': Strategy buys another 4,603 bitcoin for $369.7 million as holdings hit 845,050 BTC
Strategy has resumed its bitcoin acquisition program, purchasing 4,603 BTC for $369.7 million. This transaction brings the company's total holdings to 845,050 BTC. These are the first purchases made by Michael Saylor and the company since late June. The company funded these acquisitions through a $603 million share sale, splitting the proceeds between the bitcoin buy and support for STRC.
Listen to Live Briefing
Real-time synthesized voice briefing · Live Feeds Desk
- ✓ Strategy purchased 4,603 bitcoin for $369.7 million.
- ✓ The company's total bitcoin holdings have reached 845,050 BTC.
- ✓ These are the first bitcoin purchases made by Michael Saylor and Strategy since late June.
What changed
Strategy ended a buying hiatus lasting since late June by acquiring 4,603 bitcoin.
Live updates
-
Strategy buys 4,603 bitcoin for $369.7 million
Strategy has resumed its bitcoin acquisition program, purchasing 4,603 BTC for $369.7 million. This transaction brings the company's total holdings to 845,050 BTC. These are the first purchases made by Michael Saylor and the company since late June. The company funded these acquisitions through a $603 million share sale, splitting the proceeds between the bitcoin buy and support for STRC.
Why it matters
Strategy uses its balance sheet to bet on bitcoin as a primary reserve asset. The two-month pause in buying ended with this latest purchase. The use of share sales to fund acquisitions impacts shareholder dilution.
What is confirmed
- Strategy purchased 4,603 bitcoin for $369.7 million.
- The company's total bitcoin holdings have reached 845,050 BTC.
- These are the first bitcoin purchases made by Michael Saylor and Strategy since late June.
Still unconfirmed
- Strategy split a $603 million share sale between bitcoin purchases and STRC support.
- The company's dilution machine broke down.
What to watch next
- Further share sales to fund additional bitcoin acquisitions
- Updates on the nature of STRC support
- Changes in total BTC holdings following this purchase
confidence 95%Sources used for this update (6)
- The Block — 'We're back': Strategy buys another 4,603 bitcoin for $369.7 million as holdings hit 845,050 BTC
- Yahoo Finance — Saylor’s Strategy Restarts Bitcoin Buying, Spending $370 Million
- CoinDesk — Michael Saylor and Strategy (MSTR) make first bitcoin purchases since late June
- Seeking Alpha — Strategy: The Dilution Machine Broke Down (NASDAQ:MSTR)
- CryptoSlate — Strategy splits $603 million share sale between Bitcoin purchases and STRC support
- Fortune — Bitcoin is back—and so is Michael Saylor’s Strategy, which made its first buy in two months
Community Sentiment: How do you assess this situation?
Voice your perspective · Real-time aggregated sentiment from the Live Feeds community