Strategy resumes bitcoin purchases with $369.7 million buy last week

Strategy bought bitcoin last week. The purchase cost $369.7 million. It added 4,603 bitcoin. The average price was $80,318 per bitcoin. This was Strategy's first bitcoin purchase since late June. Strategy funded the acquisition through a sale of $602.8 of common stock. The remaining proceeds funded $151.8 million in buybacks of the company's STRC preferred stock. Strategy also added proceeds to its cash reserves. Executive Chairman Michael Saylor leads Strategy. The company now holds 845,050 bitcoin. Strategy purchased those holdings for $63.73 billion. The average purchase price was $75,412 per bitcoin. MSTR was up 1.65% pre-market. Bitcoin was trading at $78,400, up marginally from late Friday.