Strategy Buys $370M in Bitcoin, Pushing Holdings Past 4% of Supply
Strategy bought 4,603 Bitcoin for $369.7 million, raising its holdings to 845,050 BTC as Michael Saylor signaled a return to aggressive buying.
Strategy bought 4,603 Bitcoin for $369.7 million, raising its holdings to 845,050 BTC as Michael Saylor signaled a return to aggressive buying.
Strategy raised its USD Reserve to $4.8 billion after selling MSTR shares and repurchasing STRC stock, while retaining 840,447 Bitcoin.
Bitcoin struggles near $64,000 ahead of US inflation data as Strategy selling, mixed ETF flows and interest-rate uncertainty limit its recovery.
Bitcoin fell below $64,000 as MARA disclosed $1.63 billion in BTC sales and Strategy sold 1,690 BTC to repurchase preferred shares.
Strategy sold 1,638 Bitcoin and raised nearly $395 million through BTC and stock sales, increasing its cash reserve to $4 billion while maintaining STRC's 12% annual dividend.
Strategy's Michael Saylor hinted at a possible Bitcoin purchase with a cryptic X post as Strategy's five-week BTC buying pause continues while maintaining a 12% STRC dividend.
Strategy reported an $8.2 billion Q2 loss as lower Bitcoin prices triggered massive unrealized losses, while the company expanded its cash reserve and paused BTC purchases.
Michael Saylor has hinted at another Strategy Bitcoin purchase despite an estimated $13 billion unrealized loss and growing concerns over the company's financing strategy.
Michael Saylor’s Strategy had purchased $35 million worth of Bitcoins after raising $355 million a week ago.