Strategy Purchases $75 Million Worth of Bitcoin Amid Price Rally
Strategy (NASDAQ: MSTR) has resumed buying Bitcoin after a period of inactivity, purchasing $75.7 million worth of BTC over the past week according to a regulatory filing. The company acquired 950 Bitcoin at an average price of $79,670 per coin using its cash reserves. This marks Strategy's first Bitcoin purchase since late August and brings their total holdings to 846,000 coins with an average acquisition cost of $74,417. The purchases coincided with a rise in BTC prices, which reached $85,300 on September 21 — the highest level since January 2026 and up 5% over the previous day. MSTR's stock price also rose by 8%, reaching $166.08 per share during premarket trading as crypto prices climbed alongside investor sentiment.
Tickers: $MSTR
Topics: Bitcoin investment activity MSTR