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Strategy adds 250 Bitcoin as holdings rise to 848,250 BTC

The purchase was funded with $21 million from common stock sales and $0.5 million from existing cash, and Strategy also spent $192.4 million repurchasing STRC preferred stock during the week.

Reported · Written up by our desk · Bitcoin

Michael Saylor’s Strategy said it increased its Bitcoin holdings to 848,250 BTC after buying an additional 250 BTC.

Cointelegraph reports that Strategy purchased the Bitcoin for $21.5 million last week, funding $21 million of the purchase through sales of its common stock and using $500,000 from existing cash.

The company also continued repurchasing shares of its STRC preferred stock, spending $192.4 million during the week, up from $176.3 million in the prior week, according to Strategy’s announcement posted on its website.

Cointelegraph noted that Strategy’s Nasdaq-traded common stock, MSTR, was up less than 1% at the time of the update.

Latest closeBitcoin $81,723.06 ▼2.3%|Nasdaq Comp. 27,193.34 ▼1.2%

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