Strategy Now Holds 845,050 BTC But Its New Strategy Looks Different

Michael Saylor’s company has just resumed its bitcoin acquisitions, but at a price that raises questions. Strategy has just bought 4603 BTC at 80318 each for 369.7 million dollars after about two months of absence. However, the company had sold several thousand bitcoins a few weeks earlier at a significantly lower price. Thus, this market return is not a simple resumption of accumulation, but it provides insight into the financial arrangements that now mark this group’s bitcoin strategy, between capital raises, liquidity management, and share buybacks.

In brief

A first bitcoin purchase in nearly two months

While the group’s chairman had revived speculation, Strategy bought 4630 BTC between August 24 and 30. This transaction brings its reserves to 845,050 BTC, acquired for a total sum of 63.73 billion dollars, which is an average cost of 75,412 dollars per BTC. Michael Saylor summarizes this scenario: