Strategy, the bitcoin treasury firm led by Michael Saylor, has purchased 8,178 BTC worth $835.6 million between November 10 and 16. The firm paid an average price of $102,171 per bitcoin, bringing its total holdings to 649,870 BTC.
The company funded the purchase through preferred stock offerings across STRF, STRC, STRK and STRE, with the euro-denominated STRE raising around $715 million.
The buy followed online rumors claiming Strategy had sold large amounts of BTC, but analysts confirmed the wallet movements were routine transfers, not selling.
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