Strategy acquired 1,036 Bitcoin for $81.9 million over the course of last week, raising its total reserves to 850,364 BTC.
As revealed in its Monday regulatory filing with the US Securities and Exchange Commission, the firm purchased the coins at a mean price of $79,012 per BTC during the previous week.
The company reported a cumulative expenditure of $64.16 billion for its entire Bitcoin stash, reflecting an average acquisition cost of $75,456 per token. These reserves currently represent approximately 4.05% of the ultimate 21 million Bitcoin supply cap.
Ever since October began, Strategy has dedicated roughly $1.06 billion toward repurchasing its STRC preferred shares, which is almost five times the $219.7 million invested in Bitcoin during the exact same timeframe.
Strategy spends $188.3 million on STRC buybacks
Through its at-the-market offering program, Strategy generated $283.8 million in net proceeds last week by unloading about 2.05 million shares of its common stock (MSTR).
Out of those funds, Strategy utilized $188.3 million to buy back approximately 1.89 million STRC shares, following previous week buybacks totaling $208.2 million. Additionally, it devoted $81.9 million toward Bitcoin and assigned another $13.6 million to its USD Cash reserves.
Related: Strategy shareholders approve daily dividends for four preferred stocks
Following a withdrawal of $21.1 million to fund preferred stock dividend payouts, Strategy’s distinct US dollar reserve decreased from $4.79 billion down to $4.77 billion.
Conversely, its USD Cash holdings climbed roughly 10%, moving from $132.7 million to $146.2 million.
This most recent Bitcoin buy comes on the heels of Strategy’s purchase of 811 BTC for $65.5 million the week prior.
Data from Yahoo Finance indicates that Strategy’s common stock dropped by 3% to settle at $125 in Monday premarket activity, whereas its STRC preferred shares slipped marginally by 0.06% down to $99.7.
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Originally published at https://cointelegraph.com/news/strategy-buy-1036-bitcoin-holdings-850364-btc?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound.
