Strategy Keeps Buying: Third Purchase This Month Brings October Spending to $73 Million

Bitcoin Magazine Strategy Keeps Buying: Third Purchase This Month Brings October Spending to $73 Million The largest corporate holder of bitcoin, Strategy, bought another 267 BTC last week, bringing its holdings to 848,517 digital coins — worth $69.5 billion at today’s prices. According to a Monday filing, the software company said it spent slightly more than $22 million on buying the new bitcoins. The latest buy allowed Strategy to snap up slightly more coins than its transaction the previous week, when it spent again $22 million on 250 BTC. So far in October, Strategy has spent $73 million on buying bitcoin. Strategy stock (NASDAQ: MSTR) was trading nearly 2% higher Monday morning New York time at about $139 per share. Over the past month, MSTR has dropped by 17%.

First reported by Bitcoin Magazine. This page is a short excerpt; the full text is theirs.