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Strategy Bought $28.7 million worth of Bitcoin in early October
Coinpaper
1h ago
Ai Focus
Strategy indicates that the company continued to increase its holdings of Bitcoin despite the trading price of Bitcoin being significantly higher than its average cost of $75,441 in its overall treasury. The company also disclosed that it briefly stopped buying Bitcoin in September and instead used the cash for STRC. It reported that the expected earnings from digital assets for the third quarter were $20.91 billion, and as of September 30, the book value of Bitcoin was $70.82 billion.
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Strategy continues to buy on top of the cost base

This means that the company is not only buying at low prices when they are below cost, but it continues to increase its holdings even when the trading price of Bitcoin is significantly higher than the average embedding cost of approximately $75,441 across its entire treasury.

This change occurred after this summer, when the company's treasury strategy became more flexible, allowing for the allocation of funds between Bitcoin, cash reserves, preferred stock obligations, and buybacks.

MSTR sells and provides cash to fund purchases.

The financing structure is also worth noting.

This change became apparent in September: Strategy briefly stopped buying Bitcoin and instead used the cash for STRC.

The company also reported that the expected revenue from digital assets for the third quarter was $20.91 billion, and as of September 30, the book value of its Bitcoin was $70.82 billion.

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