Strategy Resumes Bitcoin Buying with $370 Million Purchase
Michael Saylor's company Strategy made its first Bitcoin purchase in two months, acquiring $370 million worth of the cryptocurrency. The buy comes as Bitcoin tracks for its best month in two years.
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Saylor’s Strategy Restarts Bitcoin Buying, Spending $370 Million
Strategy Inc. resumed Bitcoin purchases after a 10-week pause, returning to its signature accumulation strategy after the crypto bear market pressured its shares, weakened confidence in the financing model and prompted a balance-sheet overhaul.
By David Pan
Read full article →Strategy Makes Buys Bitcoin for First Time Since June as Cryptocurrency Tracks for Best Month in 2 Years. - Barron's
Strategy Makes Buys Bitcoin for First Time Since June as Cryptocurrency Tracks for Best Month in 2 Years. Barron's
Read full article →Bitcoin is back—and so is Michael Saylor’s Strategy, which made its first buy in two months
The company’s return to buying follows a summer downturn spent raising cash and selling Bitcoin.
By Camila Grigera Naón
Read full article →Strategy makes first bitcoin purchases in about two months
Read full article →Strategy Buys $370M Of Bitcoin In First Purchase Since June
Strategy Buys $370M Of Bitcoin In First Purchase Since June Via Decrypt.co, Strategy has started buying Bitcoin again after a summer spent selling it. The Bitcoin treasury company picked up 4,603 BTC for $369.7 million in the week to August 30, at an average of $80,318 apiece, according to a filing with the Securities and Exchange Commission. That takes its stack to 845,050 BTC, bought for $63.73 billion at an average of $75,412. It paid for the purchase by issuing stock. Str...
By Tyler Durden
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