Strategy Sets New BTC Holdings Record After $143M Bitcoin Purchase

Strategy acquired 1,665 Bitcoin during the week of Sept. 21–27, spending $142.7 million at an average price of $85,681 per coin, according to its SEC filing. That addition raised the firm's reported Bitcoin holdings to 847,666 BTC, surpassing its prior peak of 847,363 BTC recorded on June 22. The aggregate cost basis for the company's Bitcoin position is reported at $63.95 billion, an average of $75,437 per coin.

The recent BTC purchases were funded with proceeds from at-the-market sales of the company's common stock. Strategy sold 1.47 million MSTR shares that week, generating $246.2 million in net proceeds; $142.7 million of those proceeds went to the Bitcoin purchases and $103.5 million were used to repurchase preferred stock. The company had earlier sold 6,948 BTC between May and August before resuming net purchases in August.

Alongside the Bitcoin buy, Strategy repurchased 1.53 million shares of its Variable Rate Series A Perpetual Stretch Preferred Stock (STRC) for $151.7 million. The filing notes $723.5 million remains available under its digital credit securities repurchase program. Strategy has previously described STRC repurchases as part of its wider capital-allocation plan and recently proposed daily dividend accruals for several preferred series to reduce volatility.

At quarter-end, Strategy reported $6.02 billion in USD assets: a $5.02 billion USD Reserve and $1.0 billion in USD Cash. During the week, the firm used $48.1 million of USD Cash for STRC repurchases and $22.1 million from the USD Reserve to pay preferred-stock dividends. The company has said its capital framework permits selling up to $1.25 billion of Bitcoin to fund reserves, dividends, interest and repurchases, but the latest weekly disclosure shows the firm for a second consecutive week adding to its Bitcoin holdings.