Strategy Resumes Bitcoin Buying With $75.7M Purchase
Strategy has returned to the Bitcoin market, purchasing 950 BTC for $75.7 million last week while continuing to reduce its outstanding STRC preferred stock.
According to a Monday filing with the US Securities and Exchange Commission, the company bought the 950 Bitcoin between Monday and Sunday at an average price of $79,670 per BTC. The purchase lifted Strategy’s total Bitcoin holdings to 846,000 BTC.
The company has spent roughly $63.8 billion accumulating its Bitcoin holdings, including fees and expenses, at an average cost of $75,416 per coin. With Bitcoin trading around $84,925 at the time of publication, Strategy’s holdings carried an unrealized gain of approximately $8.05 billion.
The latest purchase marks a return to Bitcoin accumulation after Strategy paused its buying activity for two weeks. The company is continuing to balance its Bitcoin strategy with capital management, including purchases of its preferred securities and maintaining cash reserves.
Alongside the Bitcoin acquisition, Strategy repurchased around 1.77 million STRC preferred shares for approximately $174 million during the same week.
The company said it still had $875.1 million available under its STRC repurchase program. It also had another $1 billion remaining under its MSTR common-stock repurchase program.
Strategy reported no sales through its at-the-market offering programs between Sept. 14 and Sept. 20, meaning it did not raise additional funds through those programs during the period.
The company’s USD Cash balance fell to approximately $1.05 billion from $1.30 billion a week earlier. This pool is used for broader treasury operations, including Bitcoin purchases and capital management.
Meanwhile, Strategy’s separate USD Reserve declined to $5.04 billion from $5.10 billion. The company said it used $57.4 million from the reserve to cover preferred-stock dividends and interest payments on its outstanding debt.
Strategy’s latest moves show that its treasury operations are now being split between adding Bitcoin, buying back preferred shares and maintaining funds to meet ongoing dividend and debt obligations.