Strategy buys 950 Bitcoin for $75.7M after two-week pause
Strategy resumes Bitcoin purchases
Strategy, the company led by Michael Saylor, bought 950 Bitcoin for $75.7 million after a two-week pause. The purchase, disclosed in a Form 8-K filing with the US Securities and Exchange Commission (SEC) on Monday, was made at an average price of $79,670 per coin.
The new purchase brings Strategy's total Bitcoin holdings to 846,000 BTC, acquired for about $63.8 billion at an average cost of $75,416 per Bitcoin, including fees and expenses.
Key numbers
- 950 Bitcoin bought for $75.7 million, averaging $79,670 per coin.
- Total holdings now 846,000 BTC, bought at an average cost of $75,416 each.
- Strategy also repurchased about 1.77 million shares of its STRC preferred stock for $174 million.
- Cash balance (USD Cash) fell to $1.05 billion from $1.30 billion a week earlier.
Preferred stock buyback and cash position
During the same week, Strategy continued buying back its perpetual preferred stock, STRC, repurchasing about 1.77 million shares for $174 million.
Strategy said it still had $875.1 million available under its preferred-stock repurchase program and $1 billion remaining under its MSTR share repurchase program. The company reported no sales under its at-the-market offering programs between Sept. 14 and Sept. 20, meaning it did not raise funds through those programs during that period.
Strategy's "USD Cash" balance fell nearly 20% to $1.05 billion from $1.30 billion a week earlier. Its separate "USD Reserve" declined to $5.04 billion from $5.10 billion, as Strategy used $57.4 million to pay preferred-stock dividends and interest on outstanding debt.
Market reaction
Shares of Strategy rose 7.4% to $165.2 in pre-market trading on Monday. STRC rose 0.35% to $98.85. For comparison, Strive, the world's fifth-largest corporate Bitcoin holder, also announced Bitcoin buys on Monday, adding 1,355 BTC last week and bringing its total to 26,355 coins. Its shares rose 6.44% to $32.03.
What is confirmed
The Form 8-K filing with the SEC confirms the Bitcoin purchase, the STRC repurchase, the cash balances, and the absence of at-the-market sales during the period.
Why it matters
Strategy is the largest publicly traded Bitcoin treasury company in the world. Its continued buying and stock repurchases show how it balances its Bitcoin accumulation strategy with managing preferred securities and cash reserves.
Sources
Newisty Editorial Team covers technology, cryptocurrency, digital products, online platforms, developer tools and the wider digital economy. Our content is researched from official sources, company announcements, public documentation, market data and other primary or reputable sources. Articles are reviewed and edited before publication for clarity, accuracy and useful context.