Strategy Buys 1,550 Bitcoin for $101M, Boosts Cash Reserves to $1B
STRC•STRC•STRC•STRC•Strategy purchased 1,550 Bitcoin for $101 million, bringing its total holdings to 845,256 BTC valued at about $53.3 billion with Bitcoin trading around $63,000. The firm’s shares jumped 3.4% after the purchase as it boosted cash reserves to $1 billion to support dividend payments and debt obligations.
Strategy acquired 1,550 Bitcoin for $101 million, raising its total holdings to 845,256 BTC valued at roughly $53.3 billion based on current prices near $63,000 per coin.
Following the purchase, shares rose 3.4% above $124 as investors responded to the firm’s swift move back into accumulating Bitcoin after its largest weekly decline since November 2022.
The company increased its cash reserves to $1 billion to ensure dividend payments and manage debt, having sold a small tranche of 32 Bitcoin for $2.5 million prior to the latest purchase.
