Strategy Again Leaves Bitcoin Holdings Unchanged

Strategy (NASDAQ: $MSTR) maintained its Bitcoin (CRYPTO: $BTC) holdings at 845,050 BTC, valued at $65.7 billion U.S., for the second consecutive week, despite buying $370 million worth of the cryptocurrency last week. The company chose not to buy or sell any Bitcoin this past week, leaving its holdings unchanged. Strategy's Bitcoin holdings represent approximately 4% of Bitcoin's total supply of 21 million tokens, resulting in a $2 billion U.S. paper gain at current prices.

The company's Chairman, Michael Saylor, has not provided an update or comment on the company's financial moves in recent weeks. Since June, Strategy has been focusing on increasing its cash reserves and boosting the price of its preferred stock, which offers a dividend paid twice monthly at a 12% yield. The company's cash reserve stood at $6.4 billion U.S. as of Sept.

14, funding the stock repurchases. MSTR stock has dropped 60% over the past year, trading at $130.97 U.S. per share.