Strategy acquired 1,665 BTC for approximately $142.7 million. An 8-K filing with the Securities and Exchange Commission records the purchases between Sept. 21 and Sept. 27 at an average price of $85,681 per bitcoin. Strategy funded the acquisitions with proceeds from sales of its Class A common stock, MSTR. Michael Saylor said Strategy held 847,666 BTC worth around $70.6 billion. Saylor said the bitcoin was acquired at an average price of $75,437 per bitcoin. He put the total cost at around $64 billion, including fees and expenses. Strategy's holdings represent more than 4% of bitcoin's 21 million supply cap. The holdings imply around $6.6 billion in paper gains at current prices. Last week, Strategy sold 1,469,165 MSTR shares for approximately $246.2 million. As of Sept. 27, $18.84 billion worth of MSTR shares remained available for issuance and sale under the program, according to the filing. Strategy repurchased STRC preferred shares for around $151.7 million last week. The company said the latest acquisitions used $103.5 million in MSTR sales and $48.1 million from its USD Cash reserve. Strategy also used $22.1 million from its USD Reserve to pay preferred-stock dividends during the same period. As of Sept. 27, the firm said its USD Reserve balance was $5.02 billion. The firm said its USD Cash balance was $1 billion. Michael Saylor posted a Strategy bitcoin acquisition tracker chart to X on Sunday with the caption, “A little more orange.” Similar posts have typically preceded bitcoin acquisition announcements the following day. Strategy's approach varied in recent weeks, and its bitcoin holdings had recently remained steady. On Friday, Strategy proposed moving its STRC, STRD, STRF and STRK preferred stocks to daily dividends, subject to a shareholder vote on Oct. 28. The proposal would not change the securities' dividend rates or increase Strategy's total regular dividend obligations. If shareholders approve the amendments, STRC would switch first, with an initial record date of Nov. 1 and payment the following day. STRF, STRD and STRK would follow in January. Shareholders approved an earlier change that moved STRC from monthly to semi-monthly dividends in June. Strategy's stock gained 16.1% last week and closed Friday at $158.61, according to The Block's MSTR price page. Strategy's stock is up 2.6% year-to-date. It is down 65% over the past year. Bitcoin rose 3.6% during the same period.
MicroStrategy Buys 1,665 BTC for $142.7M, Holds 847,666 BTC
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Summary
MicroStrategy added 1,665 BTC for $142.7M between Sept. 21 and 27, using funds from MSTR stock sales. The firm now holds 847,666 BTC, valued at $70.6B. TA for crypto suggests key support and resistance levels may shift with this move. MicroStrategy sold 1.47M MSTR shares for $246.2M and repurchased $151.7M in STRC shares.
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