TheBlock
Strategy acquired 1,665 BTC for approximately $142.7 million between Sept. 21 and Sept. 27, paying an average of $85,681 per bitcoin, according to an SEC filing. The purchase lifts its total holdings to 847,666 BTC, worth around $70.6 billion at the prices cited by the company. Strategy's average purchase price across its holdings is $75,437 per bitcoin, with total cost of about $64 billion including fees and expenses.
Why it matters
Strategy's holdings now represent more than 4% of Bitcoin's 21 million supply cap. The company said the position carries about $6.6 billion in paper gains at current prices, underscoring the scale of its corporate treasury bet on Bitcoin.
The latest purchases were financed with $103.5 million from MSTR share sales and $48.1 million from the company's USD Cash reserve. Strategy also used $22.1 million from its USD Reserve for preferred-stock dividends. As of Sept. 27, the USD Reserve held $5.02 billion and USD Cash held $1 billion. Another $18.84 billion in MSTR shares remained available for issuance and sale under its at-the-market program.
Market impact
Strategy's buying sits within a growing corporate-treasury trend: 195 public companies had adopted some form of Bitcoin acquisition model, according to Bitcoin Treasuries data. The purchase also follows a week in which Strategy stock rose 16.1% to close at $158.61, while Bitcoin gained 3.6%. MSTR remained up 2.6% year to date and down 65% over the past year.
Separately, Strategy proposed moving dividends on its STRC, STRD, STRF and STRK preferred shares to a daily schedule, subject to a shareholder vote on Oct. 28. The proposal would not change dividend rates or increase total regular dividend obligations.
Frequently asked questions
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How much Bitcoin did Strategy buy in its latest acquisition?
Strategy acquired 1,665 BTC for approximately $142.7 million between Sept. 21 and Sept. 27, at an average price of $85,681 per bitcoin.
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How large is Strategy's Bitcoin treasury after the purchase?
Strategy holds 847,666 BTC, worth around $70.6 billion at the prices cited by the company. Its holdings represent more than 4% of Bitcoin's 21 million supply cap.
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How did Strategy fund the latest Bitcoin purchase?
The company used $103.5 million from MSTR share sales and $48.1 million from its USD Cash reserve to fund the acquisition.
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What is Strategy's average purchase price for its Bitcoin?
Strategy's average purchase price across its holdings is $75,437 per bitcoin, with total cost around $64 billion including fees and expenses.
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Would Strategy's proposed daily preferred dividends increase its obligations?
The proposal, subject to a shareholder vote on Oct. 28, would not change dividend rates or increase total regular dividend obligations.
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