Strategy, a Nasdaq-listed company, has resumed its weekly bitcoin accumulation strategy. According to a recent filing, the firm purchased 250 BTC between October 5 and October 11 for a total of $21.5 million.
In addition to its bitcoin acquisitions, the company repurchased $192.4 million of its STRC preferred stock. The firm currently holds 848,250 BTC, which is valued at approximately $70.2 billion at current market prices.
The company maintains two separate cash reserves. The USD Reserve supports dividend payments on preferred stock and interest on debt, while the USD Cash reserve is dedicated to funding bitcoin purchases.
Since initiating its bitcoin treasury strategy in August 2020, the company has seen its stock price appreciate by nearly 1,000 percent. However, the MSTR stock has declined by over 50 percent during the past year.
