Strategy Resumes Bitcoin Purchases with $75 Million Investment

First Bitcoin Acquisitions in Nearly Three Weeks

Strategy has made its first significant bitcoin purchase in almost three weeks, acquiring 950 bitcoins for approximately $75.7 million. This move was financed through the company’s USD reserves, as reported in a regulatory filing.

The average price paid for the bitcoins was $79,670 each. The purchase follows the firm’s recent allocation of $174 million in USD cash for stock buybacks and $57.4 million for preferred stock dividends. Currently, Strategy holds $5 billion in USD reserves and $1 billion in cash.

Under the guidance of Executive Chairman Michael Saylor, Strategy's total bitcoin holdings now stand at 846,000 BTC, acquired for a total of $63.81 billion, averaging $74,417 per bitcoin. Following this announcement, shares of MSTR surged by 7% in pre-market trading, coinciding with a rise in bitcoin’s price to around $84,500, reflecting a 4.5% increase over the past day.