Strategy Inc Boosts Bitcoin Holdings with $75.7 Million Purchase

Strategy Inc (NASDAQ: MSTR) has continued its Bitcoin buying spree by purchasing 950 units for approximately $75.7 million in the week ending September 20th.

This brings the company's total holdings to 846,000 Bitcoin, with an average purchase price of around $79,670 per coin, including fees and expenses.

Strategy also bought back its own Stretch preferred stock, acquiring 1,771,238 shares for a total of $174 million, more than twice what it spent on Bitcoin.

The company's Executive Chairman Michael Saylor announced the new totals in a filing with the regulator.