Strategy Smash Buys $21.5M in Bitcoin as It Continues BTC Accumulation
By Mathew Di Salvo
AI summary of the source article
Strategy spent $21.5 million to purchase 250 bitcoins between October 5 and October 11, alongside $192.4 million repurchasing its STRC preferred stock. The company now holds 848,250 bitcoins and $5.5 billion in USD assets.
Why it matters
Investors can now buy its shares to get heightened exposure to the cryptocurrency, or get paid a yield via its digital credit products.
Key facts
- Strategy acquired 250 bitcoins for $21.5 million between October 5 and October 11.
- The firm repurchased $192.4 million worth of its STRC preferred stock.
- Strategy holds a total of 848,250 bitcoins and $5.5 billion of USD assets as of October 11.
Source excerpt · Bitcoin Magazine
Bitcoin Magazine Strategy Smash Buys $21.5M in Bitcoin as It Continues BTC Accumulation Bitcoin juggernaut Strategy has bought more BTC as it pivots back to accumulating on a weekly basis. The Nasdaq-listed bitcoin treasury spent $21.5 million on 250 bitcoins from October 5 and October 11, according to a Monday filing. It added that it also spent $192.4 million repurchasing its STRC preferred stoc…