Sold the Drawdown, Bought the Recovery! 📈 Strategy sold about 6,916 $BTC through the summer at an average near $62,500. Last week it bought 4,603 BTC back at $80,318 roughly $17,800 higher per coin. The August 31 filing shows the $369.7 million purchase occurred between August 24 and 30, the first addition since June 22. Earlier sales generated $432.5 million. The repurchase remains small relative to the market, representing less than 1% of Bitcoin’s roughly $45 billion average daily trading volume in the second half of August. Holdings now stand at 845,050 BTC with an average cost of $75,412 and an unrealized gain of approximately 3.6% as of the August 31 close.
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