Strategy Resumes Bitcoin Buys With $66M Purchase

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Strategy bought 811 BTC for $65.5 million between October 26 and November 1, resuming its purchases after a one-week pause. The acquisitions were funded by selling 1,178,552 MSTR shares for $164 million in net proceeds, with $65.5 million allocated to Bitcoin. The company also repurchased 2,092,035 STRC shares for $208.2 million, drawing on its USD Cash balance. It now holds 849,327 BTC, acquired for $64.08 billion at an average price of about $75,451 per coin, while its USD Cash balance stands at $132.7 million. Strategy is nevertheless facing dilution concerns and a possible removal from MSCI equity indexes.

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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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