Michael Saylor’s Strategy resumed buying Bitcoin after a two-week pause while continuing to repurchase its STRC preferred stock.
Strategy acquired 950 Bitcoin (BTC) for $75.7 million at an average price of $79,670 per coin between Monday and Sunday, according to a Form 8-K filing with the US Securities and Exchange Commission on Monday.
The purchase brought Strategy’s holdings to 846,000 BTC, acquired for about $63.8 billion at an average cost of $75,416 per Bitcoin, including fees and expenses. With Bitcoin trading at $84,925 at the time of publication, Strategy was sitting on an unrealized gain of about $8.05 billion on its holdings.
The purchase comes as Strategy balances its Bitcoin accumulation strategy with managing a growing collection of preferred securities and billions of dollars in cash reserves.
Shares of Strategy, the largest publicly traded Bitcoin treasury company in the world, rose 7.4% to $165.2 in pre-market…
