Strategy's total holdings account for around 4% of the 21 million bitcoin supply cap — worth roughly $71 billion.
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The purchase lifts Strategy's holdings to 848,250 BTC and follows a $176 million repurchase of STRC preferred stock the week before.
Michael Saylor’s Strategy said Bitcoin holdings reached 848,250 BTC after its latest purchase, while maintaining a $4.88 billion cash reserve.
Evernorth plans to put its XRP holdings to work through lending, liquidity provision and yield strategies.
October rate-hike odds have slumped, but analysts say Treasury yields at two-decade highs are still keeping a lid on risk appetite.
Bitcoin traders braced for inflation-based volatility after BTC price action preserved key weekly support around $82,500.
