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Strategy’s Bitcoin Holdings Reach 848,000 BTC After $28.7M Purchase
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 bought 334 BTC for $28.7 million between Oct. 1 and 4, raising its total holdings to 848,000 BTC. The company paid an average of $85,839 per bitcoin, bringing its total investment to about $63.97 billion. Strategy also spent $176.3 million buying back STRC shares between Sept. 28 and Oct. 4. For Q3, the company estimates a $20.91 billion gain on its digital assets, while its Bitcoin holdings were valued at $70.82 billion on Sept. 30.
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