Strategy purchased bitcoins worth an additional $1.28 billion at a price above $70 thousand.

Strategy (ex-MicroStrategy) reported the purchase of another 17,994 bitcoins for $1.28 billion between March 2 and 8 at an average purchase price of $70 946.

As of March 8, Strategy's balance includes 738,731 bitcoins (more than 3% of the total supply), which the company has spent approximately $56.04 billion on since 2020.

The company's average purchase price is about $75 862 per 1 BTC. At the time of the report, the bitcoin rate was below this level (around $68 thousand).

Another batch of bitcoins was financed through the issuance and sale of MSTR shares and partly through the sale of preferred STRC, for which the company increased the monthly dividend payout percentage on March 1. Since the July peak, MSTR's quotes have fallen nearly 80%.

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