Strategy · Bitcoin · Michael Saylor · Federal Reserve (FED) · The Block
‘Even more orange’: Strategy picks up 1,665 bitcoin for $143 million as total holdings reach 847,666 BTC
Compiled by KHAO Editorial — aggregated from 2 sources. See llms.txt for citation guidance.
✓ KHAO Verified
Bitcoin BTC -1.71% BTC -1.71% $83,191.019 See Details treasury company Strategy S MSTR -0.93% acquired an additional 1,665 BTC for approximately $142.7 million at an average price of $85,681 per bitcoin between Sept. 21 and Sept. 27, according to an 8-K filing with the Securities and Exchange Commission.
Key facts
- As of Sept. 27, the balances of its USD Reserve and USD Cash were $5.02 billion and $1 billion, respectively, the firm said
- Strategy now holds a total of 847,666 BTC, worth around $70.6 billion, bought at an average price of $75,437 per bitcoin for a total cost of around $64 billion, including fees and expenses, according
- The latest acquisitions were made using $103.5 million in MSTR sales and $48.1 million of the company's USD Cash reserve
- Strategy's stock gained 16.1% last week, closing Friday at $158.61, 's MSTR price page, and is now up 2.6% year-to-date after a substantial recovery, though still 65% down over the past year
Summary
Strategy now holds a total of 847,666 BTC, worth around $70.6 billion, bought at an average price of $75,437 per bitcoin for a total cost of around $64 billion, including fees and expenses, according to the company's co-founder and executive chairman, Michael Saylor. For context, Strategy's holdings are equivalent to more than 4% of bitcoin's 21 million supply cap, and imply around $6.6 billion of paper gains at current prices. The latest acquisitions were made using proceeds from at-the-market sales of its Class A common stock, MSTR. Strategy also repurchased 1,534,530 million STRC preferred shares last week for around $151.7 million.