✉news BusinessCrypto first seen 23 h ago, last 12 h ago, peak #17
Strategy buys 334 more bitcoin and $176M of STRC stock
Strategy, the bitcoin-focused company formerly known as MicroStrategy, disclosed the purchase of an additional 334 bitcoin alongside a $176 million acquisition of shares of its STRC stock. The move continues the firm's long-running strategy of steadily accumulating bitcoin and directing capital into its own financial instruments, keeping it among the largest corporate holders of the cryptocurrency.
Why now: Strategy's ongoing bitcoin purchases are closely watched as a signal of institutional demand for the cryptocurrency.
StrategyMicroStrategybitcoinSTRC
Evidence
- Strategy buys 334 more bitcoin and $176M of STRC stock · Yahoo Finance
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