Key facts
- Strategy acquired 950 BTC for $75.7 million in the week ending September 20.
- The company's Bitcoin holdings increased to 846,000 coins.
- Strategy's average purchase price for the latest acquisition was $79,670 per coin.
- Strategy spent $174 million repurchasing its preferred shares (STRC).
- Strategy's USD Cash reserves fell to $1.05 billion as of September 20.
Michael Saylor's Strategy resumed its Bitcoin accumulation strategy, purchasing 950 BTC for $75.7 million between September 14 and 20. This acquisition brings the company's total Bitcoin reserves to 846,000 coins, nearing its June record of 847,363 BTC. The average price paid for this latest acquisition was $79,670 per coin, inclusive of fees and expenses.
In parallel, Strategy allocated $174 million to repurchasing its perpetual preferred stock, STRC, during the same week. This expenditure reduced its USD Cash balance to $1.05 billion as of September 20, down from $1.30 billion a week earlier. The company reported it still had $875.1 million available under its preferred-stock repurchase program and $1 billion remaining under its MSTR share repurchase program.
Strategy's total Bitcoin acquisition cost stands at $63.8 billion, with an average cost of $75,416 per coin.