Bitcoin at $85,800: Strategy repurchases its shares, who is still buying bitcoin?

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Strategy spent 176.3 million dollars on repurchasing its preferred shares between September 28 and October 4, and 28.7 million dollars on acquiring 334 bitcoins at an average price of 85,838.80 dollars per unit. The company now holds a total of 848,000 bitcoins with an average cost basis of 75,440.70 dollars. Bitcoin crossed back above 85,000 dollars and was trading around 85,800 dollars on Tuesday, October 6. The third quarter preliminary unrealized gain reaches 20.91 billion dollars. Other treasuries like Strive added 2,000 bitcoins for approximately 169 million dollars, bringing its total to 29,462 BTC.

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Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

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