Strategy Inc Reports Bitcoin Holdings and Preferred Stock Repurchases
Strategy Inc has reported its Bitcoin holdings and preferred stock repurchase activity. As of September 13, the company 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.
The company did not sell any shares under its at-the-market offering program or conduct any Bitcoin transactions between September 8 and September 13. Strategy Inc also repurchased 1,420,467 shares of its Variable Rate Series A Perpetual Stretch Preferred Stock for an aggregate purchase price of $139.3 million.
Following these transactions, $1.05 billion remains available under the company's digital credit securities repurchase program for preferred stock, and $1.0 billion remains available for the MSTR Stock repurchase program. Strategy Inc stated that its capital framework includes a U.S. dollar reserve to support dividend payments and interest on outstanding debt.
As of September 13, the company's USD Reserve was $5.10 billion and its USD Cash was $1.30 billion. The STRF preferred shares offer a dividend yield of 9.6%.