Strategy resumes bitcoin purchases, adding $75 million in BTC after three-week pause
Strategy returns to buying bitcoin after three-week break
Strategy, the bitcoin-focused company led by Executive Chairman Michael Saylor, has resumed its bitcoin buying program. The company acquired 950 BTC for $75.7 million last week, marking its first weekly purchase since late August. The buys came as bitcoin climbed back to around $84,500.
Key numbers
- 950 BTC purchased last week
- $75.7 million total spent on bitcoin
- Average purchase price of $79,670 per BTC
- Strategy now holds 846,000 BTC in total
- Total spent on all bitcoin holdings: $63.81 billion
- Overall average cost: $74,417 per BTC
What the regulatory filing reveals
According to a Monday morning regulatory filing, Strategy funded the bitcoin purchases using its USD reserve and USD cash. The company allocated $75.7 million in USD cash specifically to buy bitcoin. Separately, it used $174 million in USD cash to fund repurchases of its STRC preferred shares and $57.4 million from its USD reserve to pay dividends on its preferred stock. Following these transactions, the USD reserve stands at $5 billion and USD cash at $1 billion.
What is confirmed
Strategy purchased 950 BTC at an average price of $79,670 per coin last week, totaling $75.7 million. This was the company's first weekly bitcoin purchase since late August. The purchases were funded from USD reserves and cash. Strategy's total holdings now stand at 846,000 BTC, acquired for a cumulative $63.81 billion at an average cost of $74,417 per coin. MSTR shares rose 7% in pre-market trading, and bitcoin gained approximately 4.5% over the past 24 hours to trade near $84,500.
Why this matters
Strategy's return to weekly bitcoin purchases signals continued conviction from the company's leadership despite a recent pause. The firm remains one of the largest corporate holders of bitcoin, and its buying activity is closely watched by the broader crypto market. The simultaneous share price and bitcoin price gains suggest investors viewed the move positively.