Strategy Buys 520 BTC for $35M, Boosts USD Reserves

Strategy disclosed a purchase of 520 bitcoin for $35 million, reporting an average price of about $67,308 per coin. The filing said the transaction increased the company's aggregate bitcoin holdings and its available U.S. dollar resources used for treasury management.

The company completed the acquisition while the STRC instrument was in decline. The disclosure noted the purchase occurred despite the downward movement in STRC but did not provide a rationale linking STRC's performance to the timing of the buy.

Michael Saylor is the company's founder and executive chairman. Strategy has used bitcoin as part of its treasury strategy for several years and has repeatedly announced direct purchases to add to its corporate holdings.

The filing did not include statements from executives and did not provide a detailed breakdown of funding sources beyond noting the effect on USD reserves. It reported the $35 million allocation toward digital assets.

The transaction adds 520 coins to Strategy's balance sheet. The company’s periodic bitcoin acquisitions continue to affect both its bitcoin position and its reported dollar liquidity.