Strategy And Strive Announce $182.7 Million Bitcoin Buy

Bitcoin treasuries kicked off Monday with a bang, with Strategy and Strive announcing they scooping up a combined 2,305 BTC for $182.7 million. 

Strategy said in a filing that it last week bought 950 bitcoins for $75.7 million — its first buy since August — and Strive snapped up 1,355 BTC for $107.7 million. 

The announcement comes as the price of the biggest cryptocurrency surges. Bitcoin’s price recently stood at $86,008, a 6% 24-hour rise, after hitting as high as $86,282 earlier on Monday. 

Strategy, the biggest corporate holder of bitcoin, also repurchased $174 million of its STRC perpetual preferred shares. The company has hit pause on buying this year to…

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