Strategy Continues Massive Bitcoin Buys, Acquires 1,665 BTC for $142.7M
Strategy Inc., a corporate giant with significant Bitcoin holdings, has disclosed another substantial purchase of BTC. Between September 21 and September 27, Strategy acquired 1,665 Bitcoins for approximately $142.7 million at an average price of $85,681 per coin. This latest acquisition adds to its previous week's purchases, bringing the total to 847,666 BTC.
The company funded these purchases by selling 1,469,165 MSTR shares via its at-the-market program, generating $246.2 million in net proceeds. Of this amount, $142.7 million went towards Bitcoin purchases and $103.5 million was used for STRC stock repurchases.
Strategy's continued accumulation of BTC reinforces its position as the largest corporate holder of Bitcoin, signaling sustained institutional demand for the cryptocurrency. The company's financing mix provides insight into how it balances growth with capital management.