Strategy has purchased 1,665 BTC for $143 million, boosting total holdings to a record 847,666 BTC and executing a $151.7 million stock buyback.
Summary of Recent Developments
- Strategy acquired 1,665 BTC for nearly $143 million between September 21 and September 27.
- The total Bitcoin holdings now stand at a record high of 847,666 BTC.
- The firm also executed a $151.7 million repurchase of its preferred stock during this period.
Strategy has further strengthened its position in the cryptocurrency market by acquiring 1,665 Bitcoin, costing the company approximately $142.7 million. This acquisition, finalized between September 21 and September 27, has boosted its Bitcoin total to an all-time high of 847,666 BTC, accumulated at an average price of $75,437 per coin over time.
In a recent update, Strategy revealed that the latest purchase was funded through the proceeds from selling MSTR common stock, raising a net total of $246.2 million. The company allocated $142.7 million specifically for Bitcoin purchases while directing $103.5 million towards repurchasing its STRC preferred stock.
"Strategy has acquired 1,665 $BTC and repurchased $152M of $STRC. As of 9/27/26, we hold 847,666 BTC and $6.02B of USD Assets," Strategy shared on social media.
This latest acquisition eclipses the previous record of 847,363 BTC set earlier in June. Prior to this, the firm had sold some of its Bitcoin holdings during the summer to enhance its cash reserves, offloading 6,948 BTC.
Stock Buyback Initiatives
Aside from Bitcoin, Strategy has also engaged in a significant buyback of its STRC preferred stock, repurchasing 1.53 million shares for $151.7 million. The firm has invested extensively in this stock buyback, capitalizing on its undervalued trading position. Currently, there remains $723.5 million available for further stock repurchases according to recent filings.
Strategy's approach to managing its capital involves using the repurchase of STRC as part of its strategy to optimize its capital allocation. The firm has proposed daily accruals of preferred stock dividends to mitigate market volatility.
Financial Position and Assets
As of September 27, Strategy disclosed it possesses $6.02 billion in USD assets, which includes $5.02 billion held in reserve for preferred stock dividends and $1 billion in cash designated for potential Bitcoin buys and other financial maneuvers. Recently, Strategy utilized $48.1 million of this cash for the STRC share buyback and $22.1 million from its reserves for preferred stock dividends.
While the company’s framework allows for the liquidation of up to $1.25 billion in Bitcoin to meet various financial obligations, its current strategy remains focused on accumulating Bitcoin rather than selling it. With this approach, the firm continues to expand its holdings significantly, marking a historic milestone with 847,666 BTC now in its portfolio.
