Bitcoin Magazine Strategy Keeps Buying: Third Purchase This Month Brings October Spending to $73 Million
The largest corporate holder of bitcoin, Strategy , bought another 267 BTC last week, bringing its holdings to 848,517 digital coins — worth $69.5 billion at today’s prices.
According to a Monday filing, the software company said it spent slightly more than $22 million on buying the new bitcoins.
The latest buy allowed Strategy to snap up slightly more coins than its transaction the previous week, when it spent again $22 million on 250 BTC. So far in October, Strategy has spent $73 million on buying bitcoin.
BREAKING: Michael Saylor's Strategy buys 267 BTC worth $22 million pic.twitter.com/16yaYZikHw
Strategy stock (NASDAQ: MSTR) was trading nearly 2% higher Monday morning New York time at about $139 per share. Over the past month, MSTR has dropped by 17%. Year-to-date, it’s down 11%.
Monday’s filing also shows that Strategy also repurchased $193.1 million of its STRC preferred stock.
Source: Bitcoin Magazine
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