Michael Saylor’s firm, Strategy, restarted its Bitcoin acquisitions following a fortnight-long break while simultaneously continuing to buy back its STRC preferred equity.
Based on a Form 8-K regulatory submission sent to the US Securities and Exchange Commission on Monday, Strategy purchased 950 Bitcoin (BTC) for $75.7 million between Monday and Sunday, achieving an average cost of $79,670 per token (according to official filings).
This latest addition raised Strategy’s total reserves to 846,000 BTC, accumulated for roughly $63.8 billion at a mean price of $75,416 per coin, which accounts for associated fees and expenses. Given that Bitcoin was changing hands at $84,925 at the time of writing, Strategy held an unrealized profit of approximately $8.05 billion on its stockpile (source).
The acquisition arrives as Strategy balances its ongoing accumulation of Bitcoin alongside the administration of a growing portfolio of preferred shares and billions in liquid reserves.
According to figures from Yahoo Finance, shares of Strategy—the premier publicly listed corporate Bitcoin treasury entity globally—advanced by 7.4% to reach $165.2 during Monday’s pre-market session. Simultaneously, Strive, holding the position of the fifth-largest corporate Bitcoin owner worldwide, also revealed fresh Bitcoin acquisitions on Monday. The firm incorporated 1,355 BTC during the prior week, elevating its aggregate stash to 26,355 coins, while its stock climbed 6.44% to $32.03.
Strategy Spends $174 Million Buying Back STRC
In parallel, Strategy maintained its repurchase initiative for its perpetual preferred equity known as STRC, buying back approximately 1.77 million shares for $174 million over that exact seven-day period.
During Monday pre-market hours, STRC experienced a 0.35% increase, trading at $98.85.
Strategy noted that it retained $875.1 million under its preferred-share buyback authorization alongside an additional $1 billion designated for its MSTR share repurchase initiative.
Related: REX launches 2x leveraged ETF tied to Bitcoin treasury firm Strive
Furthermore, the business confirmed zero sales occurred via its at-the-market equity distribution initiatives spanning September 14 to September 20, signifying that capital was not raised through those mechanisms during that timeframe.
Strategy’s Deployable Cash Drops
The enterprise’s reported USD Cash liquidity dropped by nearly 20% down to $1.05 billion compared to $1.30 billion a week earlier, when the organization published its prior liquidity metrics.
At the same time, its distinct USD Reserve retreated from $5.10 billion down to $5.04 billion because Strategy allocated $57.4 million toward fulfilling preferred-stock dividend obligations and covering interest on active debt.
While Strategy allocates its USD Cash for broader corporate treasury operations—such as Bitcoin acquisitions and capital allocation—its USD Reserve is explicitly dedicated to backing preferred equity payouts and debt servicing.
Magazine: Bitcoin treasury firms can outperform BTC… but is the risk worth taking?
Originally published at https://cointelegraph.com/news/strategy-950-btc-buy-strc-repurchase-174-million?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound.
