The post Strategy Acquires 950 Bitcoin as BTC Price Reclaims 9-Month High appeared on BitcoinEthereumNews.com.
Key Insights: Strategy (MSTR) bought 950 Bitcoin for $75.7 million at an average price of $79,670. Strategy now holds 846,000 BTC after its latest purchase. MSTR stock rose as Strategy also repurchased 1.77 million STRC shares. Strategy bought 950 Bitcoin for $75.7 million as the BTC price moved back toward a nine-month high, lifting its holdings to 846,000 BTC. The purchase came as MSTR stock rose sharply, while the company also spent $174 million buying back STRC shares. Its cash reserves stayed strong during the period. Strategy Adds 950 Bitcoin as MSTR Stock Moves Higher Strategy disclosed the latest purchase in a September 21 Form 8-K filing. The company bought the 950 Bitcoin between September 14 and September 20 using USD Cash. The average price was $79,670 per Bitcoin, with the total purchase cost including fees and expenses. The new purchase takes Strategy’s total Bitcoin holdings to 846,000 BTC as of September 20. The company has spent $63.80 billion in total on those holdings, giving it an average purchase price of $75,416 per Bitcoin, including fees and expenses. Strategy (MSTR) Acquires 950 Bitcoin | Source: Michael Saylor Notably, the filing also showed that Strategy did not sell any shares through its at-the-market offering program during the same period. That means the latest Bitcoin purchase was made from the company’s existing USD Cash rather than new shares sold through the ATM program. CoinGecko reported that its Crypto Fear & Greed Index had reached 46, a neutral reading, after falling to 10 in February when Bitcoin traded below $70,000. The index now sits higher as Bitcoin trades around $81,000. MSTR Stock Follows Bitcoin Treasury Activity Alongside the Bitcoin purchase, Strategy used $174 million of USD Cash to repurchase 1,771,238 shares of its STRC preferred stock. No STRF, STRK, STRD, or MSTR shares…