Strategy Buys $370 Million in Bitcoin, First Purchase Since June
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· body · New information from a source
Strategy bought 4,603 BTC for $369.7 million, marking its first bitcoin purchase since June, according to CoinDesk and The Block.The purchase brings the company's total holdings to 845,050 BTC, now worth more than $66 billion, per The Block.The average price paid was $80,318 per coin, about 29% higher than what Strategy received for bitcoin it sold earlier this summer, according to Decrypt.Cointelegraph reported that alongside the renewed buying, Strategy has also been building up its cash reserves and repurchasing its STRC perpetual preferred stock.The purchase came as other crypto treasury companies also added to their holdings.CoinDesk reported that BitMine Immersion made its largest ether purchase since June, with BitMine's Tom Lee pointing to strong crypto performance in the third quarter.- Strategy purchased 4,603 BTC for $369.7 million, its first bitcoin buy since June, according to CoinDesk and The Block.
- The purchase brought Strategy's total holdings to 845,050 BTC, worth more than $66 billion, per The Block.
- Decrypt reported the coins cost an average of $80,318 apiece, about 29% more than the price Strategy received for bitcoin it sold earlier this summer.
- Cointelegraph said Strategy also continued building its cash reserves and buying back its perpetual STRC preferred stock alongside the renewed bitcoin purchase.
- Separately, CoinDesk reported that BitMine Immersion made its largest ether purchase since June, with Tom Lee pointing to strong crypto market performance in the third quarter.
· summary · New information from a source
Strategy purchased 4,603 BTC for $369.7 million, its first bitcoin buy since June, pushing total holdings to 845,050 BTC.- Strategy paid $369.7 million for 4,603 BTC, its first bitcoin purchase since June, lifting total holdings to 845,050 BTC.
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 purchased 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 buy since June, according to CoinDesk and The Block.
The purchase brought 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.
, per The Block.
Decrypt reported the coins cost an average of The 4,603 BTC cost an average of $80,318, some 29% above what the company took for the coins it sold this summer.
apiece, 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.
more than the price Strategy received for bitcoin it sold earlier this summer.
Cointelegraph said Strategy also continued building its cash reserves and buying back its perpetual STRC preferred stock alongside the renewed bitcoin purchase.
Separately, CoinDesk reported that BitMine Immersion made its largest ether purchase since June, with Tom Lee pointing to strong crypto market performance in the third quarter.
Sources: CoinDesk, Decrypt, Cointelegraph, The Block
This article is for information only and is not financial advice.
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Story so far 3 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
Strategy Bitcoin BitMine Immersion
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