Strategy Reboots Weekly Bitcoin Buys Amid Preferred Stock Repurchases

Strategy, the publicly traded Bitcoin treasury company led by Michael Saylor, has resumed its weekly Bitcoin purchases after a two-week pause. According to a Form 8-K filing with the U.S. Securities and Exchange Commission on Monday, Strategy acquired 950 BTC for $75.7 million during the week from September 14 to September 20 at an average price of $79,670 per coin.

The new buy lifts Strategy's total Bitcoin holdings to 846,000 BTC, accumulated for roughly $63.8 billion at an average cost of $75,416 per Bitcoin (including fees and expenses). At the time of publication, Bitcoin was trading at $84,925, implying an unrealized gain of about $8.05 billion on the treasury's position.

Strategy also continued repurchasing STRC preferred stock, spending $174 million on approximately 1.77 million shares during the same week. This comes as Strategy continues to balance Bitcoin accumulation with ongoing preferred stock management and a large cash position.

The company's 'USD Cash' balance fell nearly 20% to $1.05 billion from $1.30 billion a week earlier, reflecting dividend and debt-related payments.