Strategy bought 1,665 Bitcoin(BTC) for $142.7 million last week while repurchasing nearly $152 million of STRC preferred stock. Key Points: Strategy paid an average $85,681 for 1,665 BTC, lif
Strategy bought 1,665 Bitcoin(BTC) for $142.7 million last week while repurchasing nearly $152 million of STRC preferred stock.
- Strategy paid an average $85,681 for 1,665 BTC, lifting its holdings to 847,666 BTC.
- The company has spent $63.95 billion on its Bitcoin position at an average cost of $75,437 per coin.
- Strategy also sold more than 1.46 million MSTR shares for $246.2 million as it continued using equity markets alongside its treasury strategy.
Strategy disclosed that it acquired 1,665 BTC between Sept. 21 and Sept. 27 for $142.7 million, paying an average $85,681 per Bitcoin. The purchase raised its total holdings to 847,666 BTC.
The company said those holdings were acquired for $63.95 billion in total, putting its average purchase price at $75,437 per Bitcoin. It was Strategy’s second consecutive weekly Bitcoin purchase after a brief pause earlier in September.
Strategy also sold just over 1.46 million MSTR common shares for $246.2 million through its at-the-market program. The equity sale provided fresh capital while the company continued both Bitcoin purchases and repurchases of its STRC preferred stock, which totaled nearly $152 million for the week.
Also Read: XRP Faces Sept. 30 Vote That Could Clear Evernorth’s Nasdaq Path XRP Faces Sept. 30 Vote That Could Clear Evernorth’s Nasdaq Path
Strategy CEO Phong Le said in July that the company wants STRC to trade over time between $99 and $100. He said repurchasing shares below $100 can reduce future preferred dividend obligations at a discount while allowing market demand to establish the security’s price.
That policy helps explain why Strategy is allocating capital to both Bitcoin and STRC. The company is supporting a preferred financing instrument while continuing to add to the Bitcoin treasury that anchors its balance-sheet strategy.
Executive Chairman Michael Saylor has separately described Bitcoin as the foundation of a wider digital capital stack that includes digital credit and equity. That framework puts the company’s Bitcoin purchases and preferred-stock management inside the same broader capital strategy.
The latest move follows a clear September sequence. Strategy bought no Bitcoin from Sept. 8-13 while spending $139.3 million on STRC repurchases.
From Sept. 14-20, it bought 950 BTC for $75.7 million and repurchased $174 million of STRC. The latest week increased the Bitcoin purchase to 1,665 BTC while keeping STRC buybacks near $152 million.
Read Next: BlackRock CIO Says 8% Bond Yields Challenge Equity Returns BlackRock CIO Says 8% Bond Yields Challenge Equity Returns
