TLDR Crypto · MARKETS & BUSINESS
STRATEGY BUYS 334 BTC FOR $28.7 MILLION AS TOTAL HOLDINGS TOP 848,000 BTC
Summary from the TLDR Crypto newsletter
Strategy bought 334 BTC for $28.7 million at an average of $85,838.80 between September 28 and October 4, bringing total holdings to 848,000 BTC, its highest ever and worth about $73 billion against a cost basis near $64 billion (average $75,440.70 per coin). The purchase was funded by $15.7 million in MSTR at-the-market stock sales and $13 million from its USD cash reserve, with $18.8 billion of MSTR still available under the program. Strategy also repurchased 1.77 million STRC preferred shares for $176.3 million last week and held $4.88 billion in its USD Reserve as of October 4, while MSTR fell 7.1% on the week to $160.01.