Strategy makes a new spot Bitcoin purchase, buying about 4,603 BTC for roughly $370 million. The company pays an average price of about $80,318 per coin, according to reported figures for the transaction.
This is Strategy’s first Bitcoin buying activity since June, when it previously sold a portion of its holdings. The reported average purchase price is about 29% higher than the average price the company received when it sold Bitcoin earlier this summer. Outlets present the trade primarily as an update to Strategy’s ongoing corporate Bitcoin strategy and portfolio changes, focusing on the size of the purchase and the price versus its prior sales rather than broader market drivers.
