Strategy · Bitcoin · Michael Saylor · Federal Reserve (FED) · The Block
‘A little more orange’: Strategy buys 950 bitcoin for $76 million, bringing total holdings to 846,000 BTC
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Bitcoin BTC +7.33% BTC +7.33% $87,024.74 See Details treasury company Strategy S MSTR +9.43% acquired an additional 950 BTC for approximately $75.7 million at an average price of $79,670 per bitcoin between Sept. 14 and Sept. 20, according to an 8-K filing with the Securities and Exchange Commission.
Key facts
- As of Sept. 20, the balances of its USD Reserve and USD Cash were $5.04 billion and $1.05 billion, respectively, the firm said
- Strategy now holds a total of 846,000 BTC, worth around $71.9 billion, bought at an average price of $75,416 per bitcoin for a total cost of around $63.8 billion, including fees and expenses
- Strategy's stock gained 16.4% last week, closing Friday at $153.92, 's MSTR price page, and is now flat year-to-date after a substantial recovery, though still 54.2% down over the past year
- To put that in context, Strategy's holdings are equivalent to more than 4% of bitcoin's 21 million supply cap, and imply around $8.1 billion of paper gains at current prices
Summary
Strategy now holds a total of 846,000 BTC, worth around $71.9 billion, bought at an average price of $75,416 per bitcoin for a total cost of around $63.8 billion, including fees and expenses, according to the company's co-founder and executive chairman, Michael Saylor. To put that in context, Strategy's holdings are equivalent to more than 4% of bitcoin's 21 million supply cap, and imply around $8.1 billion of paper gains at current prices. Strategy also repurchased 1.77 million STRC preferred shares last week for around $174 million. As of Sept. 20, the balances of its USD Reserve and USD Cash were $5.04 billion and $1.05 billion, respectively, the firm said.