NewsBTC
10 hour ago upd. 30 Sep
Bullish

Strategy buys 1,665 BTC and repurchases $152M STRC preferred stock

2 min

Strategy accelerated Bitcoin accumulation and retired a portion of its preferred stock between September 21 and September 27, funded largely by at-the-market sales of common shares.

Key figures

  • BTC purchased: 1,665 BTC for approximately $142.7 million at an average price of $85,681 per BTC.
  • Total BTC holdings: 847,666 BTC acquired for about $63.95 billion in aggregate, average acquisition price $75,437 per BTC.
  • Recent activity: follows a separate 950 BTC purchase the prior week.

Financing and capital actions

  • Common stock issuance: about 1.47 million MSTR shares sold via the at-the-market program for approximately $246.2 million in net proceeds.
  • Use of proceeds: about $142.7 million allocated to Bitcoin purchases and about $103.5 million allocated to preferred stock repurchases.
  • Preferred buyback: approximately 1.53 million STRC shares repurchased for around $151.7 million. The remaining cost was funded with roughly $48.1 million in cash.

Capital structure context

Strategy is issuing common equity while increasing its Bitcoin position and reducing outstanding preferred securities. The company’s balance sheet integrates Bitcoin accumulation with capital-market transactions across common shares, convertible debt and multiple preferred classes. The STRC repurchase and the BTC purchase are linked steps in managing funding cost and composition.