Strategy Doubles Down on Bitcoin, Buys Another 1,665 Coins

MicroStrategy, now rebranded as Strategy, has continued its aggressive approach to building its Bitcoin treasury. The company purchased an additional 1,665 BTC between September 21 and September 27 at an average price of $85,681 per coin, bringing its total holdings to 847,666 BTC.

The purchase was funded using the net proceeds from sales of MSTR common stock, which has been a consistent strategy for the company. The latest buy brings Strategy's total Bitcoin position value to approximately $63.95 billion, with an average cost basis of around $75,437 per coin across all purchases.

Strategy's approach to buying Bitcoin at market prices, regardless of short-term price swings, has made it a bellwether for corporate adoption. The company's weekly purchase disclosures are closely watched by investors and analysts seeking to gauge institutional demand alongside exchange-traded fund flow data.