Strategy buys $357M in Bitcoin as price drops to $112K
Michael Saylor’s Strategy announced a $356.9 million Bitcoin purchase last week, bringing total BTC buys in August to just 3,666 BTC.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Michael Saylor’s Strategy announced a $356.9 million Bitcoin purchase last week, bringing total BTC buys in August to just 3,666 BTC.
Why this matters
This bitcoin story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CointelegraphRelated market context
Strategy Buys $82M in Bitcoin but Spends $188M on Preferred Share Buybacks
Strategy’s Bitcoin purchase came with a bigger transaction hiding in plain sight. Michael Saylor’s company bought about $82 millio...
Amundi Boosts Strategy (MSTR) Stake 44% to $291 Million as Shares Slide
Bitcoin Magazine Amundi Boosts Strategy (MSTR) Stake 44% to $291 Million as Shares Slide Amundi, Europe’s largest asset manager, r...
Strategy spent more than twice as much on preferred buybacks as Bitcoin last week
The November 9 filing shows common-stock proceeds funding Bitcoin purchases and a larger STRC buyback during November 2-8. Read th...
Binance Labs-backed Initia hacked again, $3.3M lost in three weeks
The Initia blockchain was halted Tuesday morning after suffering its second security incident in less than three weeks. An infrast...
Canaan’s Q3 revenue drops 90% to $14.5 million as hardware sales collapse
Canaan's shift from hardware sales to Bitcoin mining highlights the volatility and risk in relying on cryptocurrency for profitabi...
Bitcoin Miner MARA Clears Its BTC-Backed Debt and Approves $500 Million Buyback After Q3 Profit
MARA Holdings‘ board authorized a buyback of up to $500 million of its common stock on Nov. 9, the day the bitcoin miner disclosed...