Strategy Adds 1,665 Bitcoin for $142M Amid Active Buying Spree

Michael Saylor's company Strategy has made another significant Bitcoin purchase, adding 1,665 BTC to its holdings for approximately $142.7 million at an average price of $85,681 per coin.

The acquisition took place between September 21 and 27, bringing Strategy's total Bitcoin holdings to 847,666 BTC, with a total investment cost of about $63.95 billion at an average cost of $75,437 per BTC, including fees and expenses.

The company funded the purchase primarily through common stock sales, selling roughly 1.47 million MSTR shares during the week for $246.2 million in net proceeds.