Strategy and Strive announce $182.7 million bitcoin buy as BTC surges past $86,000

Strategy said it bought 950 bitcoin last week for $75.7 million at an average price of $79,670 per coin, its first weekly purchase since late August. The buys were funded by $80.1 million in common stock sales, while some proceeds were used to repurchase STRC preferred stock and add to cash reserves. The company now holds 846,000 BTC, and MSTR shares rose 7% in pre-market trading as bitcoin traded around $84,500.
AI Analysis
The company resumed bitcoin accumulation with a disclosed purchase of 950 BTC, and the update also notes a 7% rise in MSTR pre-market trading alongside bitcoin around $84,500.
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