Strategy and Strive add 2,772 Bitcoin as treasury sector faces pressure

  • Strategy bought 1,665 Bitcoin for $142.7 million during the week ended Sept. 27.
  • Strategy held 847,666 Bitcoin after two consecutive weekly purchases.
  • Strive bought 1,107 Bitcoin, raising its holdings to 27,462 Bitcoin.

Strategy bought 1,665 Bitcoin for $142.7 million during the week ended Sept. 27, following a 950-BTC purchase the prior week and ending its first stretch of consecutive weekly acquisitions since June. The purchases lifted its holdings to a record 847,666 BTC, reversing a quarterly net decline caused by earlier sales. Strategy financed the latest purchase through MSTR common-stock sales while also repurchasing STRC preferred shares and maintaining substantial cash and equity-issuance capacity. Strive bought 1,107 BTC for $94.5 million at an average price of $85,396, raising its holdings to 27,462 BTC and retaining its position as the fifth-largest public Bitcoin treasury company. The acquisitions come as corporate treasury firms face pressure on valuations, financing and capital-allocation strategies.

The information on this website is generated using AI and we cannot guarantee its accuracy. Please use it as reference information only.