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Strategy Resumes Bitcoin Buying Spree with $370M Purchase

By PulseAugur Editorial · [1 sources] ·

Strategy has resumed its Bitcoin acquisition strategy after a two-month pause, purchasing approximately $370 million worth of Bitcoin at an average price of $80,300 per BTC. This move follows a recent rebound in Bitcoin's value, which has pushed Strategy's total holdings back above their purchase price. The company funded this acquisition through the sale of newly issued MSTR shares, while also using funds for dividends and share repurchases. AI

RANK_REASON Company's financial strategy and asset acquisition, not a core AI release or research.

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Strategy Resumes Bitcoin Buying Spree with $370M Purchase

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COVERAGE [1]

  1. Fortune TIER_1 English(EN) · Camila Grigera Naón ·

    Bitcoin is back—and so is Michael Saylor’s Strategy, which made its first buy in two months

    The company’s return to buying follows a summer downturn spent raising cash and selling Bitcoin.

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