Saylor teases Strategy Bitcoin buying after ending September with STRC buybacks

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Michael Saylor of Strategy hinted at recent Bitcoin purchases on Sunday, though an official SEC filing is not expected until Tuesday due to the Columbus Day holiday. Strategy acquired 334 BTC for $28.7 million between Sept. 28 and Oct. 4, bringing its holdings to exactly 848,000 BTC. The company also repurchased approximately 1.77 million shares of its STRC preferred stock for $176.3 million over the same period. An independent analyst noted that Strategy raised $5.41 billion through share sales in the third quarter, but only 9.5% was allocated directly to Bitcoin purchases, with the remainder used to build cash reserves and support preferred shareholders.

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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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