Strategy increased its holdings by 250 Bitcoin, bringing the total to 848,250 Bitcoin. BTC
Michael Saylor's Strategy indicates that after the most recent purchase, the company's Bitcoin holdings have reached 848,250 BTC, while also maintaining a US reserve of 4.88 billion dollars.
Strategy bought 250 bitcoins last week, costing $21.5 million. This is the second consecutive week that the company has reduced its buying volume, yet its total bitcoin holdings have still increased to 848,250 BTC.
According to the announcement published on the official website of Strategy, the company raised $21 million for this purchase by selling common stocks from Monday to Sunday, with the remaining $500,000 coming from existing cash.
Strategy continues to repurchase its STRC preferred stocks, spending $192.4 million last week, which is higher than the $176.3 million spent the previous week.
According to Yahoo Finance data, before the opening on Monday, the common stock MSTR of Strategy traded on NASDAQ rose by less than 1%. Its preferred stock is expected to open at a price of $99.68 per share.
The company stated that it maintains a US reserve of $4.88 billion to support the payment of preferred stock dividends and debt interest. As of Sunday, the company's separate US dollar cash balance was $640.5 million.
Before this purchase, the founder and executive chairman Michael Saylor posted on Sunday with the title "There is still more room for growth," implying that they would buy more Bitcoin again. Strategy usually discloses their Bitcoin purchases in documents submitted to the U.S. Securities and Exchange Commission (SEC), but the market was closed on Monday due to Columbus Day holidays.
In recent months, the accumulation speed of Bitcoin by Strategy has slowed down. In the third quarter, its holdings only increased by 0.2%; during the same period, the company bought 7,218 units of BTC and sold 5,553 units of BTC.
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