Strategy returned to the bitcoin market on Monday, disclosing in a Securities and Exchange Commission filing that it purchased 950 BTC for approximately $75.7 million, ending a three-week pause in acquisitions. The company said the purchase was funded entirely with cash.

According to Strategy's 8-K filing, the form public companies use to disclose material events, the 950 coins were acquired between September 14 and September 20 at an average price of $79,670 per bitcoin. The purchase lifts the company's total holdings to 846,000 BTC.

The all-in cost of the hoard, including fees, stands at roughly $63.8 billion, an average of $75,416 per coin. At about $85,000 per bitcoin, the stack is worth approximately $71.9 billion — around $8.1 billion above cost.

Holdings had been frozen at 845,050 BTC since Strategy announced the acquisition of 4,603 coins on August 31.

Cash reserves fund the purchase

The filing indicates the latest buy was financed entirely from USD cash reserves rather than new debt or equity issuance, the funding mix the company leaned on in earlier phases of its accumulation program. In the same week, a separate $57.4 million drawn from the USD Reserve covered preferred dividends and debt interest — recurring obligations paid from the same pool. As of September 20, the USD Reserve held $5.04 billion, while USD Cash held $1.05 billion.

CEO Phong Le said in July that bitcoin purchases would not resume until STRC was back to its $100 par value, describing the company as transitioning from a bitcoin treasury firm to a "full digital capital platform."

STRC buybacks double the bitcoin spend

Alongside the coin purchase, Strategy repurchased 1.77 million shares of its Stretch preferred stock, STRC, for $174 million — more than double the bitcoin outlay. The week before, it passed over bitcoin and directed $139.3 million into STRC, Cryptopolitan reported. The buybacks are intended to pull the discounted preferred shares back to par. Each STRC share carries a $100 stated value, so repurchasing below that mark narrows the gap to the par level Le tied to resumed buying.

Saylor teased the purchase on Sunday, posting the company's acquisition tracker chart on X with the caption "A little more orange" in a post. Such teasers have often come one day before a buy announcement.

Bitcoin touched $85,000 on Monday for the first time since January and is up 5.3% over the past week. MSTR rose 16.4% last week, closing Friday at $153.92 — about flat for the year but down 54.2% over the past 12 months.

Strategy leads 196 public companies holding bitcoin, ahead of Tether-backed Twenty One with 43,514 BTC. Its 846,000 coins represent more than 4% of bitcoin's 21 million supply cap. Subsequent 8-K filings will show whether the renewed pace continues, with STRC's path back to $100 par serving as the company's own stated benchmark for further purchases.

Source: Cryptopolitan