Strategy Inc Holds $63B in Bitcoin, Repurchases Preferred Stock
Strategy Inc reported its bitcoin holdings and preferred stock repurchase activity for September 8-13. The company stated it did not sell any shares under its at-the-market offering program or conduct any bitcoin transactions during this period.
As of September 13, Strategy Inc held approximately 845,050 bitcoins, acquired at a total cost of $63.73 billion, with an average purchase price of $75,412 per bitcoin, including fees and expenses. This amounts to roughly 1.7% of the company's market capitalization of $50.3 billion.
The company repurchased 1,420,467 shares of its Variable Rate Series A Perpetual Stretch Preferred Stock for an aggregate purchase price of $139.3 million. Strategy Inc has a separate USD Cash balance and a U.S. dollar reserve to support dividend payments and interest on outstanding debt.