Strategy Boosts Bitcoin Reserve to 848,000 with Latest Purchase

Strategy, the company led by Michael Saylor, has expanded its Bitcoin holdings by acquiring 334 more BTC for $28.7 million. This latest purchase, made between October 1 and 4, brings the firm's total Bitcoin reserve to exactly 848,000 BTC. The average price per Bitcoin in this transaction was $85,838.80, higher than the company's historical average acquisition price of $75,440.70. In total, Strategy has invested nearly $63.97 billion in its Bitcoin treasury, representing over 4% of the 21 million BTC that will ever exist.

To finance the purchase, Strategy sold 92,894 of its own shares (MSTR) and recovered about $15.7 million, with the remaining $13 million coming from its dollar cash reserves. The company also spent $73.7 million on repurchasing 740,634 STRC shares during the same period. This dual approach of accumulating Bitcoin and managing financial instruments reflects Strategy's evolving strategy since 2020.

The rise in Bitcoin's value has significantly boosted Strategy's accounts. The company estimates its third-quarter gain on digital assets at approximately $20.91 billion, with the book value of its digital assets reaching about $70.82 billion as of September 30. Despite the higher average price of recent purchases, Strategy continues to accumulate Bitcoin, though in smaller batches compared to earlier in the year.