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Strategy bought 4,603 bitcoin for $369.7 million in the week ending Aug. The company said Monday that this acquisition ended a 10-week period during which it made no purchases.
The average price paid was $80,318 per coin, a figure that includes fees and expenses. The company funded the purchase through its at-the-market equity program.
It sold 4,531,421 shares of common stock to generate $602.8 million in net proceeds during the period. Strategy allocated $369.7 million of those funds to buy bitcoin.
It used $151.8 million to repurchase its STRC preferred stock and $50.7 million to pay STRC dividends. The remaining $30 million was added to the company's USD Cash account.
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