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Crypto & Bitcoin

Strategy Buys 250 BTC for $21.5M as Streak Hits Four Weeks

Reported by Keshav Aggarwal, Bitcoin World

Image: Bitcoin World

Strategy spent $21.5 million on 250 bitcoin between October 5 and October 11 at an average price of $86,194 , bringing its total holdings to 848,250 BTC — a new all-time high for the company’s treasury. The Nasdaq-listed firm disclosed the purchase in a Monday filing and confirmed the figures in a post from co-founder Michael Saylor, as Cryptopotato reported . The same filing covered a second transaction: Strategy repurchased $192.4 million of its STRC preferred stock. Together, the two moves left the company with $5.5 billion in USD assets, down from more than $6 billion a few weeks earlier.

This is an excerpt. The reporting belongs to Bitcoin World.

Read the full report on bitcoinworld.co.in
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