Strategy Buys $100M Bitcoin, Lifts Holdings to 846,842 BTC Worth $56B
STRC•Strategy purchased 1,587 Bitcoin for $100M at an average of $63,024, boosting its total holdings to 846,842 BTC valued at $56B. The firm also raised its cash reserves by $100M to $1.1B via a common stock sale, driving a 5.3% stock rally.
1. Bitcoin Acquisition Details
Strategy bought 1,587 Bitcoin over the past week at an average price of $63,024, increasing its total holdings to 846,842 BTC valued at $56 billion.
2. Funding and Stock Response
The firm boosted its cash reserves by $100 million to reach $1.1 billion through a common stock sale, and its shares rose 5.3% as Bitcoin prices recovered.
