Home Strategy Buys $835M In Bitcoin Days After Addressing Sell Rumors

Strategy Buys $835M In Bitcoin Days After Addressing Sell Rumors

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Strategy Buys $835M In Bitcoin Days After Addressing Sell Rumors | 3verseTV
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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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Written by
Kapil Rajyaguru -

Kapil Rajyaguru is a news editor at 3.0 TV with over 15 years of professional writing experience and more than four years dedicated to the cryptoverse.

An engineer by education and a writer by passion, Kapil brings a rare mix of technical insight and storytelling finesse. A firm believer that cryptocurrencies, blockchain and AI are the building blocks of the future, he crafts in-depth news and analysis to educate, empower and prepare the masses for the next frontier of Web3.

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