Strategy’s Bitcoin Stash Hits 846,000 After Fresh 950 BTC Purchase

After hinting on X about a new purchase, Strategy’s co-founder and former CEO, Michael Saylor, announced minutes ago that his company has resumed its BTC purchases by accumulating another 950 units for $75.7 million at an average price of $79,670.

Consequently, the largest corporate holder of the cryptocurrency has rounded its fortune to 846,000 BTC, acquired for $63.8 billion at an average price of $75,416 per unit. Strategy has also repurchased $174 million worth of STRC, and its USD reserve remains above $6 billion.

Perhaps most notable, its bitcoin holdings’ value has skyrocketed to $71.7 billion as of press time, given the asset’s price surge to $84,800. This means that Strategy is well in the green of almost $8 billion after it had dropped to an unrealized loss of over $11 billion just a few months ago.

Today’s statement might not be a surprise to most, as Saylor posted a big hint on X yesterday, containing all of the company’s purchases completed over the past six years, with the text “a little more orange.”

Nevertheless, this was the first Strategy accumulation in the past three weeks, as the last one was announced on August 31. Since then, the firm’s primary focus has been on repurchasing its STRC stock, which has recovered from the drop to $75 and closed on Friday at $98.51 – close to its par price of $100.

The post Strategy’s Bitcoin Stash Hits 846,000 After Fresh 950 BTC Purchase appeared first on CryptoPotato.

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