Strategy Adds 950 BTC and Repurchases $174M in Preferred Shares

Strategy, an investment firm, has been active in acquiring Bitcoin and repurchasing its preferred shares. The company disclosed that it bought 950 BTC for $75.7 million between September 14 and September 20. The average acquisition price was $79,670 per coin, including fees and expenses.

The total amount spent on the STRC preferred share repurchase exceeded the Bitcoin purchase by more than $98 million. Strategy repurchased 1,771,238 shares of STRC for $174.0 million during the same period. The company's use of cash to fund both transactions is notable, with a larger allocation going towards the STRC repurchase.

Strategy held 846,000 BTC after the latest acquisition, which had been acquired for an aggregate total of $63.80 billion at an average cost of $75,416 per Bitcoin. The company's USD Cash balance stood at $1.05 billion as of September 20, while its USD Reserve balance was $5.04 billion.