Strategy Buys 267 Bitcoin for $22 Million to Reach 848,517 BTC in Total Holdings
Corporate Bitcoin holder Strategy has purchased an additional 267 Bitcoin for $22 million, marking its fifth straight week of acquisitions.
Corporate Bitcoin treasury firm Strategy acquired 267 BTC over the past seven days at an average price of $82,900 per coin, representing an investment of roughly $22 million. The acquisition marks the company's fifth consecutive week of purchases and raises its aggregate holdings to 848,517 BTC.
The latest purchase follows an accumulation of 3,199 BTC for $270 million across the preceding four weeks. Earlier in the summer, Strategy conducted its first Bitcoin sales since 2022 as part of a monetization initiative designed to support cash reserves and dividend distributions.
Alongside the treasury update, Chairman Michael Saylor stated that Strategy repurchased $193 million of STRC, its 12% annual dividend perpetual preferred stock currently trading near $98.62. Strategy remains the world's largest corporate holder of Bitcoin.
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