Strategy MSTR Buys More Bitcoin, Repurchases STRC Shares in $294M Capital Shuffle

Strategy MSTR has made significant moves in its portfolio, acquiring more Bitcoin and repurchasing Series A perpetual preferred stock STRC. The company announced a $294M capital shuffle, funding its purchases with proceeds from an ATM offering of MSTR stock.

In the week ending September 27, Strategy added another 1.67K Bitcoin to its holdings at an average cost of $85.68K per token. This brings the total number of Bitcoins held by the company to 847.67K, acquired for an aggregate $63.95B at an average cost of $75.44K per token.

The purchase was made using $142.7M in net proceeds from selling 1.47M shares of MSTR stock, generating a total of $246.2M. The remaining funds were used to repurchase STRC shares, with 1.53M shares purchased for $151.7M.