Strategy Sets New BTC Holdings Record After $143M Bitcoin Purchase

In brief

• Strategy bought 1,665 BTC for $142.7 million between September 21 and September 27.
• The purchase takes its Bitcoin holdings to a record 847,666 BTC.
• The company also repurchased $151.7 million of its STRC preferred stock.

Strategy has added another 1,665 BTC to its holdings, pushing the company's stash to a new record as it continues to balance Bitcoin purchases with buybacks of its preferred stock.

The company paid $142.7 million for the Bitcoin at an average price of $85,681 per coin, according to a Monday filing with the Securities and Exchange Commission. Its total holdings now stand at 847,666 BTC, acquired for $63.95 billion at an average price of $75,437 per Bitcoin.

The purchase puts Strategy above its previous record of 847,363 BTC, reported June 22, per BitcoinTreasuries. The company subsequently sold Bitcoin during the summer before resuming purchases in August.

Strategy's latest purchase was funded with proceeds from sales of its MSTR common stock through its at-the-market offering program. The company sold 1.47 million MSTR shares during the week, generating $246.2 million in net proceeds. Of that, $142.7 million went toward Bitcoin purchases and $103.5 million was used to repurchase STRC preferred stock.