Strategy Adds to Bitcoin Treasury, Purchasing 1,665 BTC for $142.7 Million

Strategy, a company that has made headlines for its massive Bitcoin holdings, continued to expand its BTC treasury last week. On September 27, Strategy purchased an additional 1,665 BTC for $142.7 million, bringing its total portfolio to a record 847,666 BTC.

The company funded this transaction using proceeds from the sale of MSTR common stock under its at-the-market (ATM) equity offering program. In fact, Strategy sold 1,469,165 MSTR shares between September 21 and September 27, raising net proceeds of $246.2 million after commissions.

Strategy used a portion of this capital to repurchase STRC preferred stock, allocating $103.5 million towards this effort. The company also supplemented these funds with $48.1 million from its USD cash reserve, bringing the total STRC repurchase value to $151.7 million.

This latest transaction marks Strategy's second consecutive week of Bitcoin purchases, following a period where it sold approximately 3,620 BTC between July and September.