Strategy Buys 950 Bitcoin, Repurchases STRC Shares Worth $249 Million

Strategy, a company behind the MSTR stock and STRC Variable Rate Series A Perpetual Stretch Preferred Stock, has been active in buying Bitcoin. Between September 14 and September 20, Strategy purchased 950 BTC at an average price of $79,670 per coin.

The total cost of this purchase was approximately $75.7 million. This new acquisition brings the company's total holdings to 846,000 BTC, with a combined value of $63.80 billion and an average price of $75,416 per coin.

During the same period, Strategy repurchased 1,771,238 shares of its STRC stock for $174.0 million through its preferred stock repurchase program.