Strategy reports it acquired an additional 950 Bitcoin for $75.7 million between September 14 and September 20. This recent purchase, at an average price of $79,670 per Bitcoin, has increased Strategy’s aggregate average acquisition cost to $75,416 per Bitcoin.
The company’s total Bitcoin holdings now stand at 846,000 BTC, acquired for an aggregate of $63.80 billion. This latest acquisition nudges Strategy’s blended cost basis higher, reflecting the increasing expense of accumulating Bitcoin at current market levels.
An SEC filing dated September 21 also detailed that Strategy repurchased 1,771,238 shares of its STRC preferred stock for $174 million during the week ending September 20. This financial activity underscores Strategy’s ongoing use of public markets and its capital structure to support a significant Bitcoin-heavy balance sheet.
Bitcoin plays a central role in how investors value Strategy, interpret its financing activities, and understand changes in the company’s balance sheet narrative. The consistent accumulation of Bitcoin by Strategy highlights its commitment to the asset class, influencing its financial strategy and how it is perceived by investors. The filing does not specify if all 950 BTC were purchased on September 21.
Why This Matters
The materials describe a narrow update: Strategy acquired an additional 950 Bitcoin for $75. The filing does not indicate that all 950 BTC were bought on September 21 itself.
Broader Context
Source materials place the factual news in this context: Strategy has added another 950 Bitcoin to its balance sheet, extending the corporate treasury strategy that continues to define the company.
