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Strategy Acquires 950 BTC, Raising Holdings to 846,000 BTC
Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.
Strategy acquired 950 BTC, bringing its total Bitcoin holdings to 846,000 BTC as of September 20. The company also repurchased $174 million worth of STRC preferred stock and held about $6.09 billion in USD assets. Before the latest purchase, Strategy held 845,050 BTC at an average cost of $75,412 per coin, with total acquisition costs of about $63.73 billion. The purchase further increases the company’s Bitcoin exposure as it continues managing its preferred-stock and cash positions.
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