Strategy Resumes Bitcoin Purchasing Activity with $75.7M Acquisition

Strategy, a company known for its significant Bitcoin holdings, has resumed its purchasing activity after a nearly three-week hiatus. On September 14-20, it acquired 950 BTC at an average price of $79,670 per unit, bringing the total cost to approximately $75.7 million.

The purchase was funded from Strategy's USD cash reserve, which currently holds a balance of $5.04 billion. As of September 20, this reserve also covered the repurchase of 1.77 million STRC preferred shares for around $174 million and allocated an additional $57.4 million toward dividend payments on its preferred shares and interest on outstanding debt.

With this latest acquisition, Strategy now holds a total of 846,000 BTC purchased at a cumulative cost of $63.81 billion. At current prices, the portfolio represents approximately $71.9 billion in market value, implying paper gains of roughly $8.1 billion.

This position is equivalent to more than 4% of Bitcoin's maximum supply of 21 million units. Strategy shares rose 7% in pre-market trading ahead of Monday's open, while Bitcoin climbed to $84,500, posting a gain of 4.5% over the past 24 hours.