Strategy Resumes Bitcoin Acquisitions with $43M BTC Buy
Cointelegraph
Strategy resumed its Bitcoin accumulation strategy by purchasing 535 BTC for $43 million between May 4 and May 10.Summary
Strategy has resumed its Bitcoin acquisition efforts, purchasing 535 BTC for approximately $43 million at an average price of $80,340 per coin. This transaction, revealed in an SEC filing, brings the company's total holdings to 818,869 BTC. The purchase was primarily funded through the sale of Class A common stock. Despite recent comments from Chairman Michael Saylor regarding potential future sales to fund dividends, the company continues to aggressively expand its treasury, causing Strategy shares to rise 4.3% in pre-market trading.
(Source：Cointelegraph)