Strategy Buys 1,665 Bitcoin as Holdings Reach 847,666 BTC

Strategy purchased 1,665 bitcoin between September 21 and September 27 for approximately $142.7 million, taking its total holdings to 847,666 BTC. The acquisition, announced September 28, came alongside a larger set of capital-management transactions: proceeds from a Class A common-stock sale were split between the bitcoin purchase and buybacks of STRC preferred shares.

The company paid an average of $85,681 for the latest tranche, according to Strategy’s announcement. While the purchase adds to one of the largest corporate bitcoin positions, the allocation of funds is notable because the STRC repurchases exceeded the amount directed to BTC during the period.

Strategy adds 1,665 BTC at an $85,681 average price

The latest 1,665 BTC purchase cost about $142.7 million. Strategy said the average price was $85,681 per bitcoin, a transaction-specific figure that differs from the average cost of its entire bitcoin position.

Following the purchase, Strategy held 847,666 BTC acquired for approximately $63.95 billion, inclusive of fees and expenses. That puts the company’s portfolio-wide average cost at $75,437 per bitcoin, according to its September 28 Form 8-K filing with the U.S. Securities and Exchange Commission.

The difference between the $85,681 paid for the new coins and the $75,437 all-in average reflects the accumulated cost of Strategy’s full holdings rather than a change to the terms of the latest purchase.

Common-stock sale funded bitcoin purchase and STRC repurchases

Strategy raised approximately $246.2 million in net proceeds by selling 1,469,165 shares of its Class A common stock during the period covered by the filing. It allocated $142.7 million of that sum to bitcoin and $103.5 million to repurchases of STRC, its preferred stock.

That division makes the BTC acquisition only part of the company’s concurrent financing and capital-return activity. The filing indicates that common-stock issuance supplied the funds for both uses, rather than presenting the bitcoin purchase as a standalone deployment.

Of the $246.2 million raised, the stated bitcoin allocation represented less than the amount Strategy spent in total on STRC buybacks. The remainder of the buyback funding came from the company’s USD Cash balance.

STRC buyback exceeded the bitcoin allocation

Strategy repurchased 1,534,530 STRC shares for approximately $151.7 million during the period, roughly $9 million more than the $142.7 million allocated to bitcoin.

Of the repurchase funding, $103.5 million came from Class A stock-sale proceeds and $48.1 million from Strategy’s USD Cash balance, according to the SEC filing. The buyback therefore combined equity-sale proceeds with cash already held by the company.

Strategy increased its bitcoin holdings while reducing outstanding STRC shares through the larger dollar commitment to the repurchase.

Holdings approach $70.6 billion in market value

Independent coverage by The Block put the value of Strategy’s bitcoin holdings at roughly $70.6 billion at the time of publication. That market-value estimate is separate from the company’s reported aggregate acquisition cost of about $63.95 billion.

With 847,666 BTC on its balance sheet after the latest purchase, Strategy’s reported position has moved closer to 850,000 bitcoin. The September 21–27 activity added 1,665 BTC while pairing the acquisition with a $151.7 million preferred-stock repurchase programme.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.