Bitcoin Price Trades Near $93,000 as Strategy (MSTR) Adds 8,178 BTC in Largest Purchase Since July
Strategy (MSTR) acquired 8,178 BTC for $835.6 million, marking its largest purchase since July, funded primarily through preferred stock issuance.Summary
Bitcoin was trading near $93,000 when Strategy announced it purchased 8,178 BTC for approximately $835.6 million over the preceding week, averaging $102,171 per coin. This acquisition brings Strategy's total holdings to 649,870 BTC, acquired at an average cost of $74,433 per coin. The purchase was mainly financed by raising capital through new euro-denominated preferred stock (STRE) and sales of existing preferred shares (STRC).
This move signals a return to large-scale accumulation for Strategy after recent purchases were smaller, coinciding with a 56% drop in MSTR's stock price over four months. Executive Chairman Michael Saylor recently refuted rumors of selling, confirming they are aggressively buying and accelerating purchases, emphasizing the company's stable balance sheet and long-term commitment to its bitcoin-as-treasury model, despite Bitcoin dropping nearly 30% from early-October highs.
(Source：Bitcoin Magazine)