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Strategy Acquires 950 BTC, Raising Holdings to 846,000 BTC

Published by
Qadir AK

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.

Qadir AK

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.

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