Strategy Bolsters Bitcoin Holdings with $142.7M Purchase

Strategy, a treasury company, has added to its bitcoin holdings by purchasing 1,665 BTC for $142.7 million, bringing its total to 847,666 BTC at an acquisition cost of $63.95 billion.

The company made the purchase between September 21 and September 27, spending an average of $85,681 per bitcoin.

Strategy used proceeds from its MSTR at-the-market offering program to fund the purchase, which also included fees and expenses.

In addition to buying more BTC, Strategy repurchased $151.7 million worth of STRC shares, with $103.5 million coming from MSTR stock sales and the remaining $48.1 million covered using USD cash.