Strategy Buys 811 Bitcoin for $65.5M as Cash Reserve Reaches $4.9B

Strategy acquired 811 bitcoins for approximately $65.5 million, bringing its total holdings to 849,327 BTC and U.S. dollar assets to $4.9 billion. Bitcoin treasury giant Strategy has acquired 811 bitcoins for approximately $65.5 million alongside a repurchase of $208.2 million in STRC preferred stock . The transaction brings Strategy’s total holdings to 849,327 bitcoins, while its U.S. dollar assets now stand at $4.9 billion. The latest tranche of digital assets was funded through the company’s at-the-market offering program, which raised $164 million in net proceeds through common stock sales.

Source: Bitcoin.com News