Strategy is doubling down on Bitcoin again, recording back-to-back weekly buys for the first time since June.
The company acquired 1,665 BTC for $142.7 million at an average price of $85,681 per token. This follows a 950 BTC purchase the previous week, reversing earlier Q3 sales and bringing total holdings to a record 847,666 BTC valued at roughly $70.7 billion. The latest buy was funded through its stock issuance program, which raised $246.2 million in net proceeds.
This renewed accumulation signals strong corporate confidence, even as the firm directs some capital toward supporting its STRC token near its $100 target. By erasing earlier quarterly net reductions, Strategy maintains its 24-quarter streak of net positive Bitcoin growth.
For traders, aggressive institutional buying provides a solid sentiment backstop, though capital allocation between BTC and treasury defense remains a dynamic to watch.
How do you see Strategy’s persistent buying impacting market liquidity heading into Q4?
#Bitcoin #Strategy #crypto #BTC
$BTC $QNT $TRB
The company acquired 1,665 BTC for $142.7 million at an average price of $85,681 per token. This follows a 950 BTC purchase the previous week, reversing earlier Q3 sales and bringing total holdings to a record 847,666 BTC valued at roughly $70.7 billion. The latest buy was funded through its stock issuance program, which raised $246.2 million in net proceeds.
This renewed accumulation signals strong corporate confidence, even as the firm directs some capital toward supporting its STRC token near its $100 target. By erasing earlier quarterly net reductions, Strategy maintains its 24-quarter streak of net positive Bitcoin growth.
For traders, aggressive institutional buying provides a solid sentiment backstop, though capital allocation between BTC and treasury defense remains a dynamic to watch.
How do you see Strategy’s persistent buying impacting market liquidity heading into Q4?
#Bitcoin #Strategy #crypto #BTC
$BTC $QNT $TRB