Summary
- Strategy acquired 950 BTC for $75.7 million at an average price of $79,670, increasing its total holdings to 846,000 coins.
- The firm repurchased $174.0 million in STRC preferred shares, marking its most significant buyback since early September.
- USD Cash reserves fell to $1.05 billion from $1.30 billion, with no stock sold under the at-the-market program.
Michael Saylor's Bitcoin treasury firm, Strategy, purchased 950 BTC for $75.7 million during the week ending September 20, paying an average of $79,670 per coin, including fees, as detailed in an 8-K filing made on Monday.
This latest acquisition brings the company's total Bitcoin holdings to 846,000 BTC, acquired for a total of $63.80 billion at an average cost of $75,416 per coin. Strategy is now just 1,363 coins shy of its all-time high of 847,363 BTC, which was reached on June 22, according to BitcoinTreasuries. A continuation of this purchasing trend for two weeks could surpass that record.
Strategy has acquired 950 $BTC and repurchased $174M of $STRC. As of 9/20/26, we hold 846,000 BTC and $6.09B of USD Assets. $MSTR https://t.co/hP4yLlKlOE
— Michael Saylor (@saylor) September 21, 2026
This surge in holdings comes after summer sales had reduced the total to 840,447 BTC by August 10, marking the lowest point since May. Since then, the company has acquired an additional 5,553 coins.
Strategy's average purchase price of $79,670 is significantly higher than the $64,262 average it received for the 1,690 BTC sold during the week ending August 9, which was about $15,408 lower than its recent buy price and $4,250 above its blended cost basis.
In terms of financial maneuvers, the company's Bitcoin purchases were considerably less than its expenditures on preferred stock. Strategy allocated $174.0 million to buy back 1,771,238 STRC preferred shares, a rise from the $139.3 million spent the previous week, without repurchasing any of its STRF, STRK, STRD, or MSTR stocks.
All these transactions were funded through USD Cash, which had been established for Bitcoin acquisitions, buybacks, and other corporate needs. This cash reserve dropped to $1.05 billion on September 20 from $1.30 billion the previous week, reflecting a decrease of $249.7 million that closely aligns with the total spent on these two purchases.
No shares were sold through the at-the-market offering during this timeframe, despite having raised $333.7 million in a single week in August through this method. An additional $57.4 million was withdrawn from the USD Reserve, which supports preferred dividends and interest payments, leaving a balance of $5.04 billion.
Currently, $875.1 million remains allocated for a digital credit securities repurchase program, while a separate authorization for $1 billion covering MSTR common stock remains unused.
Strategy made a notable shift in May by selling 6,948 BTC for approximately $432.5 million over the summer, under a June capital framework that allows for up to $1.25 billion in sales, of which about $820 million of capacity is still available.