Movement Alert|Strategy Intraday Rise 3.06%, Bitcoin Purchase Growth at $28.7 Million
Market Focus
Oct 05
On October 5, Strategy rose 3.06% in regular trading, trading at $164.48/share, with turnover of $600 million. The company spent $28.7 million to purchase 334.3 Bitcoin at an average price of $85,839, adding to its holdings that now total 848,000 Bitcoin worth $639.7 billion. This large purchase, along with cryptocurrency stocks like Coinbase rising 2.8%, could be fueling optimism about digital assets. The company also repurchased $176 million worth of its preferred stock STRC.
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