Strategy Acquires 267 Bitcoin for $22 Million, SEC Filing Shows

TL;DR Bitcoin Purchase: Strategy acquired 267 BTC for approximately $22.1 million at an average price of $82,900 per coin, increasing its total holdings to 848,517 BTC. Funding Sources: The purchase was largely financed through sales of MSTR shares, with a small portion covered by existing cash reserves. Broader Developments: The company expanded its repurchase authorization, disclosed strong reserve balances, and highlighted Michael Saylor’s vision for a Bitcoin-backed stablecoin that could offer yields of 6% to 8%. Strategy purchased another 267 BTC for approximately $22.1 million between Oct. 12 and Oct. 18, according to a filing submitted to the SEC on Monday . The company paid an average price of $82,900 per Bitcoin during the period.

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