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Crypto

Strategy resumes bitcoin buying after 3 weeks, adds 950 BTC to 846,000

Strategy resumed bitcoin purchases after about three weeks, buying 950 BTC from Sept. 14 to 20 at an average $79,670 for $75.7 million in cash. Its holdings rose to 846,000 BTC. The company has bought 846,000 BTC for $63.8 billion including fees, at an average $75,416 per coin. It also repurchased 1,771,238 STRC preferred shares for $174 million and did not sell stock via its ATM program.

Crypto

Strategy CEO aims to be \'JPMorgan of Bitcoin\'

Strategy has set a goal of positioning itself as a bitcoin financial infrastructure company rather than only a bitcoin holder. CEO Phong Le described the company as aiming to become the \"JPMorgan of Bitcoin\" and focus on expanding a credit and liquidity system around bitcoin. Strategy put its digital credit ecosystem at about $15 billion and outlined a two-way bitcoin strategy combining long-term accumulation and balance-sheet flexibility.

Crypto

Strategy halts bitcoin buying again, redeems $176.3 million of STRC

Strategy stopped buying bitcoin again a week after resuming purchases. It instead redeemed 1,810,885 shares of its STRC preferred stock for $176.3 million and doubled the limit for its digital credit securities repurchase programme to $2 billion from $1 billion. The company did not buy or sell bitcoin from Aug. 31 to Sept. 7 and kept holdings at 845,050 BTC. It said it has $5.1 billion in dollar reserves and $1.44 billion in cash.