Strategy Adds 950 BTC to Holdings, Repurchases STRC Preferred Stock

Strategy's Bitcoin holdings have reached a new milestone after the company acquired an additional 950 BTC, bringing its total to 846,000 BTC. This significant purchase was disclosed by Strategy's chairman, Michael Saylor, in a post on X (formerly Twitter) on September 21.

The company also revealed that it repurchased $174 million of its STRC preferred stock and holds $6.09 billion in dollar-denominated assets. According to Saylor, these dollar assets can cover preferred stock dividends and interest payments for approximately 3.8 years.

Assuming an average annual Bitcoin return of 10%, 40% volatility, and a price of $81,200, Strategy estimated its credit spread, adjusted for Bitcoin price risk, at 0.53 percentage point.