Strategy, the world’s largest corporate holder of Bitcoin (BTC), announced on October 12 that it purchased 250 BTC between October 5 and 11, marking its fourth consecutive week of acquisitions.

In the same week, the company spent $192.4 million repurchasing its own STRC preferred shares, roughly nine times more than it spent on bitcoin.

Strategy Details Bitcoin Purchase and STRC Repurchase

Strategy spent approximately $21.5 million, including fees and other expenses, on the latest purchase, at an average of $86,194 per bitcoin.

Continue reading at DailyCoin.

Bitcoin (BTC), Crypto Market News, Strategy (MSTR)Read More

You might also be interested in reading Ethereum in 2023: Here’s What to Look Forward To.