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Strategy Buys 811 Bitcoin for $65.5M as Reserve Reaches $4.9B
Published Source: Bitcoin.com NewsRead original
Crypto Insight Summary: Strategy acquired 811 bitcoins for approximately $65.5 million, bringing its total holdings to 849,327 BTC and U.S. dollar assets to $4.9 billion. Record Earnings and Financial Growth Bitcoin treasury giant Strategy has acquired 811 bitcoins for approximately $65.5 million alongside a repurchase of $208.2 million in STRC preferred stock. The transaction brings Strategy’s total holdings […] Crypto Insight Analysis: Direction: Bullish BTC Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: Strategy's continued BTC buying supports institutional demand, but the $65.5M purchase is modest for the overall market.