SignalCrypto
Strategy adds 250 Bitcoin as holdings reach 848,250 BTC
Strategy's 250 Bitcoin purchase signals continued accumulation, pushing holdings to 848,250 BTC.
Context
What happened: Strategy bought 250 Bitcoin for $21.5 million last week, a second straight weekly decline in purchases. Holdings reached 848,250 BTC, and the company kept a $4.88 billion cash reserve.
Key numbers: 250 BTC bought for $21.5 million. Holdings 848,250 BTC. $21 million funded by common stock sales, $500,000 from cash.
Why it matters: Accumulation has slowed in recent months, with third quarter holdings up just 0.2%. The company continues repurchasing preferred shares while funding purchases partly through stock sales.
Coverage: 4 outlets in 24h
What changed
Strategy bought 250 Bitcoin for $21.5 million last week, a second straight weekly decline in purchases. Holdings reached 848,250 BTC, and the company kept a $4.88 billion cash reserve.
Why it matters
Accumulation has slowed in recent months, with third quarter holdings up just 0.2%. The company continues repurchasing preferred shares while funding purchases partly through stock sales.