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'We're back': Strategy buys another 4,603 bitcoin for $369.7 million as holdings hit 845,050 BTC
The Block • • business
Key Points:
- Strategy (MSTR) acquired 4,603 BTC for approximately $369.7 million between August 24 and 30, increasing its total holdings to 845,050 BTC valued at around $66.1 billion.
- The acquisitions were funded by proceeds from at-the-market sales of MSTR shares, with the company raising about $602.8 million last week through stock sales.
- Strategy's bitcoin holdings represent over 4% of bitcoin's 21 million supply cap, with paper profits estimated at $2.34 billion based on current prices above $78,000.
- The company also allocated funds to repurchase preferred stock, pay dividends, and maintain cash reserves, with $1.61 billion in cash and $5.1 billion in USD reserves as of August 30.
- This latest purchase marks a return to active bitcoin buying after a pause, aligning with Strategy's expanded Digital Credit Capital Framework and buyback programs for digital credit securities and common stock.
