Strategy returns to bitcoin buys, adding $75 million of BTC last week

Strategy added 950 bitcoin last week, its first weekly purchases since late August.The company funded the buys with its USD reserve and USD cash. Shares are higher early Monday by 7%, with bitcoin trading around $84,500.Strategy MSTR$164.95·Market Closed made its first bitcoin purchase since late August, acquiring 950 BTC for $75.7 million last week at an average price of $79,670 per coin.The purchase was funded through the USD reserve, according to a Monday morning regulatory filing. Strategy used $174 million of USD cash to fund repurchases of STRC and $75.7 million of USD cash to buy bitcoin. In addition, the company used $57.4 million of the USD reserve to fund the payment of dividends on its preferred stock. The USD reserve now sits at $5 billion and the USD cash sits at $1 billion. Led by Executive Chairman Michael Saylor, Strategy now holds 846,000 BTC, acquired for a total of $63.81 billion at an average price of $74,417 per coin.MSTR shares rose 7% in pre-market trading as bitcoin climbed to $84,500, gaining 4.5% over the past 24 hours.12345678910