TLDR
- Strategy bought 1,665 Bitcoin for $142.7 million last week, at an average price of $85,681 per coin.
- The company’s total Bitcoin holdings now sit at 847,666 BTC, worth roughly $63.95 billion in total spend.
- Strategy sold MSTR stock through its at-the-market program, raising $246.2 million in net proceeds.
- Of that total, $103.5 million went toward buying back STRC preferred stock, with $151.7 million spent overall on that program.
- MSTR traded near $157.34 in premarket trading Monday, while Bitcoin slipped about 1% to around $83,340.
Strategy added 1,665 Bitcoin to its balance sheet last week, spending $142.7 million at an average price of $85,681 per coin. MSTR stock traded near $157.34 in premarket action on Monday, down slightly as Bitcoin itself slipped about 1% to roughly $83,340.
The purchase was disclosed in an 8-K filing with the Securities and Exchange Commission on September 28. It covers the week running from Monday through Sunday.
Strategy’s total Bitcoin stack now stands at 847,666 coins. The company has spent $63.95 billion building that position, working out to an average cost of $75,437 per Bitcoin including fees.
This marks the second straight week of buying after a two-week pause. The company picked up 950 BTC for $75.7 million the week before.
How Strategy Funded the Purchase
Strategy didn’t dip into cash reserves for the Bitcoin buy. Instead, it sold 1.47 million units of MSTR stock through its ongoing at-the-market offering, generating $246.2 million in net proceeds.
Of that amount, $142.7 million went straight into Bitcoin. The remaining $103.5 million was set aside for buying back STRC preferred stock.
Strategy repurchased 1.53 million STRC units for $151.7 million during the week. An additional $48.1 million for that buyback came from the company’s US dollar cash pile.
The company still has $723.5 million left under its preferred-stock repurchase authorization. It also has $1.0 billion remaining under its MSTR buyback program, according to the filing.
Cash Reserves Tick Lower
Strategy’s USD Cash balance dropped to $1.0 billion from $1.05 billion over the week. The decline came after the company used $48.1 million of that cash for STRC repurchases.
The firm also keeps a separate USD Reserve meant to cover interest payments and dividends on its preferred stock. That reserve fell to $5.02 billion from $5.04 billion after $22.1 million went out in dividend payments.
Michael Saylor’s company has built its entire strategy around accumulating Bitcoin using a mix of debt, preferred stock and equity sales. The STRC preferred stock in particular carries a variable dividend rate designed to keep it trading close to its $100 par value.
Buying back STRC alongside issuing new MSTR stock is a pattern Strategy has leaned on in recent months. It gives the company flexibility to manage its capital structure while still funding new Bitcoin purchases.
Monday’s filing shows the company balancing three moving pieces at once. It’s issuing stock, buying back preferred stock and adding Bitcoin, all within the same week.
As of September 27, Strategy’s USD Reserve sat at $5.02 billion and USD Cash stood at $1.0 billion. Those are the two figures the company will likely lean on again if it wants to keep buying Bitcoin without further stock sales.
Stop guessing and start investing with confidence. KnockoutStocks gives you the AI insights, market intelligence, and stock research you need to spot opportunities, cut through the noise, and make smarter investment decisions — all in one powerful platform.
Sign up today and get 50% OFF full access to our premium stock picks.
Simply use coupon code SPECIAL50 at checkout to claim your exclusive discount.
Get 3 Free Stock Ebooks
Discover top-performing stocks in AI, Crypto, and Technology with expert analysis.
- Top 10 AI Stocks - Leading AI companies
- Top 10 Crypto Stocks - Blockchain leaders
- Top 10 Tech Stocks - Tech giants
