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Strategy resumes Bitcoin buying after ten-week pause
Strategy has resumed its Bitcoin accumulation following a ten-week hiatus, purchasing 4,603 BTC at an average price of approximately $80,318. This acquisition brings the company’s total holdings to 845,050 BTC, valued at roughly $65 billion.
CEO Phong Le defended the company’s recent decision to sell approximately 7,000 BTC at prices between $60,000 and $65,000 before repurchasing at higher levels. Le clarified that these sales were not driven by Bitcoin’s price fluctuations but were part of a ‘two-way strategy’ designed to meet capital costs and fund preferred stock dividends.
During the buying pause, the firm focused on strengthening its balance sheet, successfully reducing its net debt from $7 billion to zero and accumulating nearly $7 billion in cash reserves. Le emphasized that the company remains a net accumulator of Bitcoin, noting that its total holdings have increased by approximately 30% this year.
Entities
Alliance Global · Bitcoin · Bloomberg · Bloomberg TV · Federal Reserve · Nasdaq · Phong Le · SEC · Strategy · Strategy Inc
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 2 SOURCES] The recent Bitcoin purchase was funded by a $602.8 million sale of common stock. time.news · www.sondakika.com
- [● 5 SOURCES] The firm has adopted a 'two-way strategy' that allows for selling Bitcoin to meet dividends and other financial obligations. www.tronweekly.com · cryptonews.com.au · paratic.com · newsable.asianetnews.com · www.sondakika.com
- [● 8 SOURCES] Strategy sold approximately 7,000 Bitcoin in the $60,000 to $65,000 range during a recent buying pause. www.tronweekly.com · cryptonews.com.au · www.it-boltwise.de · paratic.com · newsable.asianetnews.com · +3 more
- [● 9 SOURCES] The decision to sell Bitcoin was driven by capital costs and financial requirements rather than price fluctuations. www.tronweekly.com · cryptonews.com.au · www.it-boltwise.de · paratic.com · www.merca2.es · +4 more
- [● 5 SOURCES] The company has increased its Bitcoin holdings by approximately 30% this year. www.tronweekly.com · cryptonews.com.au · newsable.asianetnews.com · bitcoinmagazine.com · paratic.com
- [● 4 SOURCES] The company reduced its net debt to zero and accumulated approximately $7 billion in cash. www.tronweekly.com · paratic.com · newsable.asianetnews.com · zycrypto.com
- [● 8 SOURCES] The company's total Bitcoin holdings have reached 845,050 BTC. www.tronweekly.com · cryptonews.com.au · paratic.com · newsable.asianetnews.com · time.news · +3 more
- [● 8 SOURCES] Strategy purchased 4,603 Bitcoin at an average price of approximately $80,318 per coin. www.tronweekly.com · cryptonews.com.au · www.it-boltwise.de · paratic.com · newsable.asianetnews.com · +3 more
- [● 3 SOURCES] Strategy has adopted a ‘two-way strategy’ that allows for selling Bitcoin to meet dividends and other financial obligations. www.tronweekly.com · cryptonews.com.au · paratic.com
- [● 3 SOURCES] The sale of Bitcoin assisted in funding dividends tied to the preferred stock of Strategy. www.tronweekly.com · cryptonews.com.au · paratic.com