MSTR Stock Slides 4% as Strategy Resumes Bitcoin Buying and Saylor Defends BTC Advocacy
TLDR
- MSTR stock fell about 4.2% to $138.74 despite Strategy resuming Bitcoin purchases after a 10-week pause.
- Strategy bought 4,603 BTC for roughly $369.7 million at an average price of $80,318 per coin.
- Total Bitcoin holdings now stand at 845,050 BTC, acquired for an average of $75,412 per coin.
- Michael Saylor publicly stated Americans do not need a license to advocate for Bitcoin, calling BTC a commodity.
- The CLARITY Act faces a key 60-vote procedural test in the Senate on September 15.
Strategy (MSTR) stock fell about 4.2% to $138.74 on September 4, even as the company returned to buying Bitcoin after a roughly 10-week pause.
The stock traded between an intraday low of $135.41 and a high of $144.39, with around 26.3 million shares of stock changing hands. MSTR remains down 56% over the past 12 months.
Strategy purchased 4,603 BTC between August 24 and August 30, spending approximately $369.7 million at an average price of $80,318 per Bitcoin. The company disclosed the acquisition in an August 31 SEC filing.
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