Strategy Buys 950 Bitcoin for $75.7 Million as Saylor Signals Another Purchase
Key Takeaways
- •Strategy acquired 950 Bitcoin for roughly $75.7 million between September 14 and September 20, marking its first purchase after a pause that had been in place since late August.
- •The company funded the acquisition with cash already on its balance sheet rather than issuing new shares, paying an average of $79,670 per coin.
- •Strategy's total Bitcoin holdings now stand at 846,000 BTC, representing approximately $63.8 billion invested at an average cost of $75,416 per coin, meaning the latest purchase was made above the portfolio's overall cost basis.
- •During the same week, Strategy repurchased about $174 million of STRC preferred shares, an outlay more than double the amount spent on Bitcoin.
- •The renewed buying followed a Michael Saylor social media post signaling an imminent acquisition and coincided with Bitcoin climbing above $84,800 on September 21 before trading above $87,000 during the session.
Strategy (formerly MicroStrategy) has re-entered the Bitcoin market, acquiring 950 BTC for roughly $75.7 million in what marks its first purchase in about three weeks, timed as the cryptocurrency rallied toward levels not seen since January.
According to the company's latest filing, the coins were bought between September 14 and September 20 at an average price of $79,670 per Bitcoin. Rather than issuing new shares, Strategy used cash already on its balance sheet to complete the transaction.
Holdings Climb to 846,000 BTC
The addition brings Strategy's total Bitcoin holdings to 846,000 BTC. To date, the company has committed approximately $63.8 billion to its treasury at an average cost of $75,416 per coin, inclusive of fees expenses — meaning this latest tranche was acquired above the portfolio's overall cost basis. CoinDesk reported that the latest buy followed a purchasing pause that had been in place since late August.
During the same week, Strategy also continued to manage its preferred-stock position, repurchasing approximately $174 million of STRC preferred shares — an outlay more than double the amount spent on Bitcoin.
The renewed buying followed a social media post from Executive Chairman Michael Saylor, who shared a Bitcoin acquisition tracker signaling that another purchase could be imminent. Saylor has used similar posts in the past to preview the company's weekly Bitcoin disclosures, which have become a regular fixture that market observers track for signs of the firm's ongoing accumulation. The next weekly filing will show whether that signal translates into further purchases.
Bitcoin Rally Provides the Backdrop
The purchase coincided with a sharp rebound in Bitcoin's price. Bloomberg reported that the cryptocurrency climbed above $84,800 on September 21, extending its recovery from the previous week's lows, before trading above $87,000 during the session.
The move underscores Strategy's continuing effort to balance Bitcoin accumulation with its broader capital strategy. Its filing showed that substantial cash reserves remained in place even after funding both the Bitcoin purchase and the preferred-share repurchases.
With 846,000 BTC now on its balance sheet, Strategy remains one of the largest corporate holders of Bitcoin. The latest purchase reinforces the company's continued focus on building its Bitcoin treasury while using existing cash to finance acquisitions.
