Strategy Drops $142M on 1,665 BTC, Boosts Holdings to 847k

Strategy, a publicly traded company, has continued to invest in Bitcoin (BTC), acquiring 1,665 coins for $142.7 million between September 21 and 27. This purchase brings its total BTC holdings to 847,666, which were acquired at an average cost of $75,437 per coin.

The company's Bitcoin position now totals $63.95 billion, with the recent purchase raising its average purchase price. Strategy has also continued its repurchases of STRC preferred stock, spending nearly $152 million on these shares during the same period.

Strategy's CEO, Phong Le, has stated that the company aims to trade STRC between $99 and $100, which would reduce future preferred dividend obligations at a discount. This approach is part of Strategy's broader capital strategy, which includes Bitcoin purchases and preferred-stock management.