Strategy’s latest weekly report shows that the company bought another 250 $BTC between October 5 and 11, spending approximately $21.5 million. Its total Bitcoin holdings rose to 848,000 BTC, at an average cost of approximately $75,444.
Meanwhile, Strategy spent approximately $192.4 million to repurchase about 1.93 million STRC preferred shares—roughly nine times the amount it spent buying Bitcoin during the same period. The Bitcoin purchases were funded mainly by the $21 million raised from selling about 125,000 MSTR common shares, with the remainder covered by cash.
MSTR shares fell more than 2% that day, hovering around $151 and testing support at $150.
(Source: AMBCrypto)
#BTC #Strategy #Bitcoin
⚠️Risk disclaimer: The above is shared for market information purposes only and does not constitute investment advice. Investing involves risks; proceed with caution.
Meanwhile, Strategy spent approximately $192.4 million to repurchase about 1.93 million STRC preferred shares—roughly nine times the amount it spent buying Bitcoin during the same period. The Bitcoin purchases were funded mainly by the $21 million raised from selling about 125,000 MSTR common shares, with the remainder covered by cash.
MSTR shares fell more than 2% that day, hovering around $151 and testing support at $150.
(Source: AMBCrypto)
#BTC #Strategy #Bitcoin
⚠️Risk disclaimer: The above is shared for market information purposes only and does not constitute investment advice. Investing involves risks; proceed with caution.