Market Flux Event
Strategy Buys 950 Bitcoin for Around $75M, Ending Two-Week Pause
Read this in the Market Flux appMichael Saylor's Strategy resumed its bitcoin buying program on Monday, acquiring 950 BTC between September 14 and September 20 for approximately $74 million to $76 million, marking the company's first purchase since August after a two-week pause.
The acquisition coincided with a notable recovery in bitcoin's price, which surged above the $85,000 mark, giving Strategy an opportune entry point following recent lows. Shares of Strategy, trading under the ticker MSTR, jumped roughly 7% in Monday premarket trading, rising to around $164 compared to Friday's closing price of $153.92.
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Sources
- BloombergSaylor’s Strategy Makes First Purchase of Bitcoin Since August
- blockonomi.comStrategy (MSTR) Stock Surges 7% Following Michael Saylor's Latest $76M Bitcoin Purchase
- Yahoo FinanceMichael Saylor's Strategy jumps as the company says it bought more bitcoin
- coingape.comBreaking: Michael Saylor's Strategy Finally Buys $74M Bitcoin After 2-Week Pause
- CoinGapeMedia🚨 Breaking: Michael #Saylor’s Strategy Finally Buys $74M #Bitcoin $BTC After 2-Week Pause 🔗 Know more in comments