Back to feed

Strategy Buys 267 More BTC: Balance Approaches $70 Billion

Strategy, formerly known as MicroStrategy, continues its aggressive Bitcoin accumulation strategy. Michael Saylor announced the acquisition of an additional 267 BTC for approximately $22 million.

The average price paid per coin was $82,900, confirming sustained institutional interest in digital assets despite high valuations.

The company's total Bitcoin holdings now stand at 848,517 BTC, valued at approximately $69.8 billion. The firm's dollar reserves amount to $5.3 billion.

Expansion of Buyback Programs

  • Preferred stock buyback program increased from $2 billion to $3 billion
  • The move aims to support share value and return capital to shareholders
  • This strategy remains a top priority for management amid market volatility

Increasing the buyback limit signals management's confidence in the long-term prospects of the company's assets, providing investors with additional portfolio management tools.

18.4K views

More from this channel Crypto Headlines

Similar in this category Business & Finance