Strategy Adds 1,665 Bitcoin for $143 Million as Holdings Hit Record
Strategy bought 1,665 BTC for about $142.7 million between Sept. 21 and Sept. 27, lifting its holdings to a record 847,666 BTC. The company paid an average $85,681 per bitcoin, including fees and expenses, according to its latest filing.
The purchase brings Strategy’s total Bitcoin investment to about $63.95 billion, with an average cost of $75,437 per BTC. The latest acquisition also pushed its holdings above the previous reported peak. Strategy funded the purchase partly through sales of 1.47 million MSTR shares, which generated $246.2 million in net proceeds.
Meanwhile, the company repurchased 1.53 million STRC preferred shares for about $151.7 million. Strategy said it had $5.02 billion in its USD Reserve and $1 billion in USD Cash as of Sept. 27. The latest buying marks the second consecutive week of Bitcoin accumulation after a summer period that included several disposals.
Why it matters
Strategy's expanding Bitcoin treasury keeps its corporate finances closely tied to BTC prices. The stock issuance also highlights how the company continues using capital markets to finance Bitcoin accumulation.
