In Brief: Strategy acquired 250 Bitcoin for $21.5 million, bringing its total holdings to 848,250 BTC, valued at approximately $70.6 billion. Strategy financed its Bitcoin purchase through st
Strategy has acquired an additional 250 Bitcoin worth approximately $21.5 million, increasing its total cryptocurrency holdings to 848,250 BTC. According to the company’s October 12 announcement, the purchase occurred between October 5 and 11 at an average price of $86,194.
The acquisition brings Strategy’s Bitcoin portfolio value to approximately $70.6 billion, representing more than 4% of Bitcoin’s maximum supply. Executive Chairman Michael Saylor confirmed that the company has invested approximately $64 billion at an average purchase price of $75,444.
Based on the reported market valuation, Strategy holds approximately $6.6 billion in unrealized gains from its Bitcoin investments. The latest purchase also reinforces its position as the largest publicly traded corporate Bitcoin holder.
Strategy financed the acquisition through proceeds from common stock sales and existing cash reserves. During the reporting period, the company sold 125,183 MSTR shares, raising approximately $21 million.
Additionally, Strategy contributed $500,000 from its USD Cash holdings to cover the remaining purchase cost. The company retains approximately $18.8 billion in available MSTR shares under its existing stock issuance program.
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Alongside its Bitcoin acquisition, Strategy repurchased approximately 1.93 million STRC preferred shares for $192.4 million during the reporting period. The transaction formed part of the company’s digital credit securities repurchase program.
Strategy also disclosed substantial cash balances, with its USD Reserve standing at $4.88 billion and USD Cash holdings reaching $640.5 million. Meanwhile, Saylor hinted at another Bitcoin acquisition through an October 11 X post, sharing the message, “There’s always room for more orange.”
Similar posts have frequently preceded official acquisition announcements, including the company’s latest purchase. Separately, TD Cowen maintained its $260 price target for Strategy despite raising its Bitcoin forecasts. The investment firm projected Bitcoin could reach $109,000 by year-end and $280,000 by 2029.
Its analysts identified shareholder dilution and financial obligations as potential constraints on Strategy’s stock performance. MSTR shares closed Friday at $154.34, recording a 7% weekly decline, while Bitcoin lost 4.5% during the same period.
Strategy’s latest acquisition brings its total Bitcoin holdings to 848,250 BTC, with an estimated market value of $70.6 billion. The company also completed $192.4 million in preferred share repurchases while maintaining substantial cash reserves.
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