Strategy (formerly MicroStrategy) ended a two-week pause by purchasing 950 bitcoin for approximately $77 million at $81,200 per coin. This buy represents a 79% decrease compared to the previous acquisition on August 31, which involved 4,603 bitcoin for $369.7 million. The company’s total holdings now stand at 846,000 bitcoin. Simultaneously, Strategy spent $174 million to repurchase STRC preferred shares, exceeding the cost of the bitcoin purchase. Its cash pile stood at $6.09 billion on September 20.
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