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💸 Strategy is back in the game

Two weeks of silence — then Michael Saylor did exactly what everyone expected. Strategy picked up 950 BTC for $75.7 million last week, averaging $79,670 per coin.

The running total now sits at 846,000 BTC, acquired at an average of $75,416. With Bitcoin trading around $84,925, that's an unrealized gain of $8.05 billion — not bad for a "pause."

At the same time, the company bought back 1.77 million shares of its STRC preferred stock for $174 million, with $875 million still available for more. The cash pile took a hit though: USD Cash dropped nearly 20% to $1.05 billion.

Strategy shares jumped 7.4% to $165.2 in pre-market trading Monday. The market, apparently, missed this.

Via CoinDesk.

Cointelegraph
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