Strategy buys 950 Bitcoin for $76M, repurchases $174M in STRC

Strategy resumed Bitcoin purchases after pausing for two weeks, acquiring 950 BTC between Monday and Sunday for $75.7 million, at an average price of $79,670 per coin, the company disclosed in a Form 8-K filed with the U.S. Securities and Exchange Commission. The addition raised Strategy’s total holdings to 846,000 BTC, which the company said were accumulated for about $63.8 billion and reflect an average cost of $75,416 per coin, including fees and expenses. With Bitcoin trading at $84,925 at the time of publication, the firm’s holdings represented an unrealized gain of about $8.05 billion.

Alongside the Bitcoin buy, Strategy repurchased approximately 1.77 million shares of its perpetual preferred stock, STRC, spending about $174 million during the same week. The company reported it still has $875.1 million available under its preferred-stock repurchase program and $1 billion remaining under its program to repurchase MSTR common shares. STRC was trading near $98.85 in pre-market activity at the time noted in the filing.

The filing showed changes in the firm’s cash positions as well. Strategy’s “USD Cash” balance declined nearly 20% week-over-week to $1.05 billion from $1.30 billion, a pool the company uses for treasury activities such as Bitcoin purchases and capital management. Its separate “USD Reserve,” intended primarily to cover preferred-stock dividends and interest, fell to $5.04 billion from $5.10 billion after the company used $57.4 million to pay dividends and interest on outstanding debt.

Strategy also reported no sales under its at-the-market offering programs for the Sept. 14–20 period, indicating it did not raise funds through those programs in that week. Market reaction included a pre-market uptick in Strategy’s shares, which rose about 7.4% to $165.20, while peer Strive — another large corporate Bitcoin holder that disclosed its own purchases — saw its shares climb roughly 6.44% after announcing an addition of 1,355 BTC to its treasury.