Strategy Buys Another 1,665 Bitcoin in Second Straight Weekly Purchase

Strategy, the largest corporate holder of Bitcoin, has made its second consecutive weekly purchase, buying an additional 1,665 BTC for $142.7 million between September 21 and September 27.

This latest acquisition lifts Strategy's total Bitcoin treasury to 847,666 BTC, acquired for a cumulative $63.95 billion at an average price of $75,437 per coin, according to the company's 8-K filing with the U.S. Securities and Exchange Commission.

The buying resumed after Michael Saylor, Strategy's executive chairman, posted his characteristically cryptic Sunday message on social media: 'Even more orange.'

Unlike the prior week's purchase, which drew from the company's USD reserve, Strategy returned to equity markets to fund this acquisition. The company sold 1.47 million MSTR shares through its at-the-market program for $246.2 million in net proceeds.