Strategy Buys $370M of Bitcoin in First Purchase Since June, BitMine Adds 53,501 ETH
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· body · New information from a source
Strategy acquired 4,603 BTC for roughly $370 million, marking its first bitcoin purchase since June, according to CoinDesk and The Block.The Block put the exact figure at $369.7 million, pushing the company's total holdings to 845,050 BTC worth more than $66 billion.Decrypt reported the purchase averaged $80,318 per coin, about 29% above the price Strategy received for bitcoin it sold earlier in the summer.Cointelegraph noted the buy came as Strategy also kept building its cash reserves and continued repurchasing its perpetual STRC preferred stock, having gone two months without adding to its BTC treasury.Separately, Tom Lee's Bitmine made its largest ether purchase since June, according to CoinDesk.The Block reported the firm added 53,501 ETH over the past week, bringing its corporate treasury to 5.9 million ether tokens.- Strategy bought 4,603 BTC for $369.7 million, its first bitcoin purchase since June, according to The Block.
- The average price paid was $80,318, about 29% above what the company received for bitcoin it sold earlier in the summer, according to Decrypt.
- The purchase brings Strategy's total holdings to 845,050 BTC, worth more than $66 billion, according to The Block.
- Cointelegraph reported that Strategy also continued building cash reserves and buying back its STRC perpetual preferred stock alongside the bitcoin purchase.
- Separately, BitMine made its largest ether purchase since June, adding 53,501 ETH over the past week and lifting its treasury to 5.9 million ETH, according to The Block.
- BitMine chairman Tom Lee called ether the "best performing macro asset" and pointed to strong crypto performance in the third quarter, according to The Block and CoinDesk.
· summary · New information from a source
Strategy resumed bitcoin purchases with a $370 million buy, its first since June, while Tom Lee's Bitmine added 53,501 ETH to its treasury.- Strategy resumed bitcoin purchases with a $370 million buy while BitMine added 53,501 ETH, marking both companies' largest crypto purchases since June.
· headline · New information from a source
Strategy Buys $370M in Bitcoin, Its First Purchase Since June, as Bitmine Adds 53,501 ETH- Strategy Buys $370M of Bitcoin in First Purchase Since June, BitMine Adds 53,501 ETH
Every change made to this story after publication is recorded here automatically. A factual error gets a correction as well, on the corrections page.
Strategy bought 4,603 BTC for ‘We’re back’: Strategy buys another 4,603 bitcoin for $369.7 million as holdings hit 845,050 BTC.
, its first bitcoin purchase since June, according to The Block. The average price paid was The 4,603 BTC cost an average of $80,318, some 29% above what the company took for the coins it sold this summer.
about The 4,603 BTC cost an average of $80,318, some 29% above what the company took for the coins it sold this summer.
above what the company received for bitcoin it sold earlier in the summer, according to Decrypt. The purchase brings Strategy’s total holdings to 845,050 BTC, worth more than Strategy bought 4,603 BTC for $369.7 million, raising total holdings to 845,050 BTC worth over $66 billion.
, according to The Block.
Cointelegraph reported that Strategy also continued building cash reserves and buying back its STRC perpetual preferred stock alongside the bitcoin purchase.
Separately, BitMine made its largest ether purchase since June, adding 53,501 ETH over the past week and lifting its treasury to Tom Lee's Bitmine acquired 53,501 ETH over the past week, expanding its corporate treasury to 5.9 million ether tokens.
ETH, according to The Block. BitMine chairman Tom Lee called ether the “best performing macro asset” and pointed to strong crypto performance in the third quarter, according to The Block and CoinDesk.
Sources: CoinDesk, Decrypt, Cointelegraph, The Block
This article is for information only and is not financial advice.
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Story so far 5 updates
- digestStrategy resumes Bitcoin purchases with $370 million buy, first since Junefirst reported · 2 sourcescoindesk.com · decrypt.co
- storyStrategy Buys $370M in Bitcoin, First Purchase Since June, as BitMine Makes Largest Ether Buy Since Thenupdate · 4 sourcescoindesk.com · decrypt.co · cointelegraph.com · theblock.co
- storyStrategy Buys $370 Million in Bitcoin, First Purchase Since Juneupdate · 4 sourcescoindesk.com · decrypt.co · cointelegraph.com · theblock.co
- storyStrategy Buys $370M in Bitcoin, First Purchase Since June, as BitMine Adds 53,501 ETHupdate · 4 sourcescoindesk.com · decrypt.co · cointelegraph.com · theblock.co
- storyStrategy Buys $370M in Bitcoin, Its First Purchase Since June, as Bitmine Adds 53,501 ETHupdate · 4 sourcescoindesk.com · decrypt.co · cointelegraph.com · theblock.co
Strategy BitMine Immersion Bitcoin
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