Growth
Strategy Buys Additional Bitcoin
Strategy, a cryptocurrency investment firm, has purchased an additional 250 Bitcoin (BTC), increasing its total holdings to 848,250 BTC. This latest purchase brings Strategy's total Bitcoin holdings to a record high. The acquisition cost $21.5 million, and Strategy also repurchased $192 million worth of preferred stock (STRC), reducing its USD assets to $5.5 billion. Strategy resumed its BTC accumulation in mid-September, marking four consecutive weeks of purchases. The STRC stock price has been recovering from previous lows. This growth in Bitcoin holdings signals Strategy's continued confidence in the asset's value and its commitment to maintaining a significant BTC position.