Company bought 4,603 bitcoin at average price of $80,318 using stock proceeds.
Quartz states that Strategy has resumed its bitcoin purchases following a ten week freeze. The firm spent $370M to acquire 4,603 coins at an average of $80,318 each. Funding came from sales of newly issued common stock. Coverage from the outlet mentions that the buying occurs after Strategy suffered an $8.2 billion quarterly loss and executed its initial bitcoin sales in years. The company is characterized as returning to an offensive stance in accumulating the cryptocurrency. The report was shared on social media with a graphic showing a smartphone.
550
1 post, first seen 5d ago
Company bought 4,603 bitcoin at average price of $80,318 using stock proceeds.
Quartz states that Strategy has resumed its bitcoin purchases following a ten week freeze. The firm spent $370M to acquire 4,603 coins at an average of $80,318 each. Funding came from sales of newly issued common stock. Coverage from the outlet mentions that the buying occurs after Strategy suffered an $8.2 billion quarterly loss and executed its initial bitcoin sales in years. The company is characterized as returning to an offensive stance in accumulating the cryptocurrency. The report was shared on social media with a graphic showing a smartphone.
Quartz@qzStrategy ends 10-week bitcoin buying freeze with $370M purchase: After a brutal stretch that included an $8.2 billion quarterly loss and its first bitcoin sales in years, Strategy is back on offense — snapping up 4,600+ coins at… https://dlvr.it/TVGh9s #Bitcoin #Cryptocurrency
Quartz@qzStrategy ends 10-week bitcoin buying freeze with $370M purchase: After a brutal stretch that included an $8.2 billion quarterly loss and its first bitcoin sales in years, Strategy is back on offense — snapping up 4,600+ coins at… https://dlvr.it/TVGh9s #Bitcoin #Cryptocurrency
