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Strategy buys 1,036 BTC, lifting holdings to a record 850,364 coins

Strategy added about $82 million of bitcoin and reached a record holding, while Strive's CEO disclosed a smaller purchase.

By Dextape Desk1 min read

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Quick take

  1. Strategy bought 1,036 bitcoin for roughly $82 million, taking its total to a record 850,364 BTC.
  2. The company's holdings cost $64.14 billion in total, an average of $75,456 per coin.
  3. Strive CEO Matt Cole said the firm now holds 43,153 BTC after buying 29 BTC.

CryptoPotato reported that Strategy bought 1,036 bitcoin, worth about $82 million, lifting its holdings to a record 850,364 BTC. The company had paused purchases for weeks in October, and its previous weekly buy was 810 units for $65.5 million.

The company's total cost for its bitcoin stands at $64.14 billion, an average of $75,456 per unit. Strategy also bought back $188 million worth of STRC, which closed at $99.80 on Friday.

Bitcoin dipped under $74,000 before trading at $74,800 at the time of writing. That average sits above the $74,800 level bitcoin was trading at. Strive CEO Matt Cole said the firm bought 29 BTC for $2.2 million, lifting its total holdings to 43,153 BTC. Two weeks before that, Strive bought 6,182 units for more than $511 million.

The figures released so far do not describe any further buying plans from either firm. Strive's larger purchase came earlier in the same period, and Strategy's STRC repurchase came alongside its bitcoin buy.

Sources

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