- Strategy acquired 4603 BTC this week for nearly $370 million.
- The company now holds 845,050 bitcoins on its balance sheet.
After more than two months of hiatus, the world's largest corporate Bitcoin holder has begun replenishing its cryptocurrency reserves. According to company co-founder Michael Saylor, Strategy acquired 4603 BTC worth $370 million at an average price of $80,318 per coin.
Source: X
The company now owns 845,050 BTC. Strategy acquired them for $63,73 billion at an average price of $75,412 per bitcoin . In addition to returning to its accumulation strategy, the company continued to repurchase STRC shares, adding another $151,8 million.
Interestingly, the news of the Bitcoin balance replenishment followed a hint from Michael Saylor, who posted a chart on social media showing the company's countless purchases over the past six years and added the caption: "We ₿ack."
The Bitcoin purchase was financed by net proceeds from the sale of nearly $602 million in MSTR common stock. The company used $30 million of this money to increase its U.S. dollar reserves and $151,8 million to repurchase STRC preferred stock.
According to Yahoo.Finance, Nasdaq-listed MSTR shares rose approximately 1% in pre-market trading on Monday after falling 7% on Friday. STRC perpetual preferred shares rose 0,44% to $97,33 on Monday, August 31, a 2,67% drop from their $100 par value.
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