Key facts
- Strategy acquired 950 BTC for $75.7 million in the week to September 20.
- The company's Bitcoin holdings increased to 846,000 coins.
- Strategy's average purchase price for the recent acquisition was $79,670 per coin.
- The firm spent $174.0 million on repurchasing its preferred shares.
- USD Cash reserves fell to $1.05 billion from $1.30 billion.
Strategy, the Bitcoin treasury company led by Michael Saylor, has significantly increased its Bitcoin holdings, acquiring 950 BTC for $75.7 million in the week ending September 20. This purchase brings the company's total Bitcoin reserves to 846,000 coins, bringing it close to its June record of 847,363 BTC. The average price paid for this latest acquisition was $79,670 per coin, inclusive of fees.
In parallel, Strategy allocated $174.0 million to repurchasing its own preferred shares (STRC), marking the largest such expenditure since early September. These outlays were funded from its USD Cash pool, which saw a decrease to $1.05 billion from $1.30 billion over the week. The company did not sell any shares under its at-the-market offering program during this period.
Strategy's total Bitcoin acquisition cost stands at $63.80 billion, with an average price of $75,416 per coin. The company had previously reduced its holdings over the summer but has been steadily adding coins since August 10. The recent purchase price was notably higher than its previous sales and slightly above its blended cost basis.