Strategy has purchased 950 Bitcoin for $75.7 million, taking its holdings to 846,000 BTC after two weeks without buying or selling the asset.
Summary
- Strategy acquired 950 BTC at an average price of $79,670 between Sep. 14 and Sep. 20.
- The company now holds 846,000 BTC purchased for a combined $63.80 billion.
- Strategy used cash for the Bitcoin purchase and bought back $174 million of STRC shares.
- No shares were sold through the company’s at-the-market programs during the reporting period.
Strategy has added 950 Bitcoin using cash
Strategy’s Sep. 21 Form 8-K, filed with the U.S. Securities and Exchange Commission, showed that the company bought the Bitcoin between Sep. 14 and Sep. 20.
Including fees and expenses, the purchase cost $75.7 million at an average price of $79,670 per coin. Strategy funded the transaction with its USD Cash balance rather than proceeds from selling MSTR common stock or preferred shares.
Following the acquisition, the Virginia-based company held about 846,000 BTC as of Sep. 20. Its total spending on the position reached $63.80 billion, giving the holdings an average purchase price of about $75,416 per Bitcoin.
At an assumed Bitcoin price of $85,000, Strategy’s holdings would be worth roughly $71.91 billion. Market prices change continuously, so the value of the position and its unrealized gain can move quickly.
The filing represents a return to accumulation after Strategy reported no Bitcoin purchases or sales during the previous two weekly periods. Michael Saylor, the company’s executive chairman, had also posted a chart of Strategy’s holdings before the disclosure, a pattern he has often used ahead of purchase announcements.
As previously covered by crypto.news, Strategy held 845,050 BTC as of Sep. 13 after making no Bitcoin transactions between Sep. 8 and Sep. 13. The company had acquired that position for $63.73 billion at an average cost of roughly $75,412 per coin.
The purchase follows a $370 million Bitcoin acquisition
Before the latest transaction, Strategy last added to its holdings on Aug. 31, when it purchased 4,603 BTC for approximately $370 million. The coins were acquired at an average price of $80,318, ending a buying break that had lasted about ten weeks.
The Aug. 31 transaction took the company’s holdings to 845,050 BTC. Adding the latest 950 coins brought the balance to the 846,000 BTC disclosed in Monday’s filing.
Unlike the company’s earlier model of regularly issuing common shares to finance Bitcoin purchases, both the Aug. 31 acquisition and the latest buy were part of a cash-based capital allocation plan. Strategy made no sales under any of its at-the-market stock programs between Sep. 14 and Sep. 20.
No new MSTR, STRF, STRC, STRK or STRD shares were sold during the period. Consequently, the 950 BTC purchase did not add to the company’s outstanding share count through its existing at-the-market programs.
Strategy has not followed a buy-only policy throughout 2026. During the week ending Aug. 3, it sold 1,638 BTC for $104.73 million while raising $290.6 million through common-stock sales and repurchasing STRC shares. The earlier Bitcoin sale reduced its holdings to 842,138 BTC at the time.
Other sales disclosed during the year were connected to Strategy’s capital framework, which permits it to use Bitcoin and other available funds for preferred-stock dividends, interest payments and its dollar reserves. Subsequent purchases have lifted the holdings above their level before the August sale.
Strategy has spent another $174 million on STRC
Alongside its Bitcoin purchase, Strategy spent $174 million of USD Cash to repurchase shares of its variable-rate Series A perpetual Stretch preferred stock, traded on Nasdaq under the STRC ticker.
The company bought back 1,751,480 STRC shares during the week, paying an average of about $99.34 per share. After the transactions, approximately $876 million remained available under its preferred-stock repurchase authorization.
STRC has a stated value of $100 per share and carries a variable monthly cash dividend. Strategy has been purchasing shares below or near that value as part of its digital credit securities repurchase program.
A week earlier, the company had used $139.3 million to repurchase 1,420,467 STRC shares. Its filings show that the program has become a recurring use of cash alongside Bitcoin purchases and payments tied to the preferred-stock structure.
In February, Strategy said it planned to use preferred shares as another source of Bitcoin financing. Its preferred-stock funding plan was designed to attract income-focused investors while providing capital that could be used for Bitcoin purchases and corporate expenses.
During the latest reporting period, Strategy also used $57.4 million from its USD Reserve to cover preferred-stock dividends and interest on outstanding debt. The reserve is separate from USD Cash and is maintained specifically to support those scheduled obligations.
Strategy’s dollar balances have declined after the transactions
After paying for Bitcoin, STRC repurchases, dividends, and interest, Strategy reported a USD Reserve balance of $5.04 billion as of Sep. 20. Its separate USD Cash balance stood at $1.05 billion.
One week earlier, the company had $5.10 billion in its USD Reserve and $1.30 billion in USD Cash. The reduction matches the $57.4 million taken from the reserve and the combined $249.7 million spent from cash on Bitcoin and STRC.
For U.S. investors, the disclosure provides updated figures for several Nasdaq-listed securities tied to Strategy’s capital structure. MSTR represents the company’s common equity, while STRC, STRF, STRK and STRD offer different dividend terms and positions within the company’s financing model.
Bitcoin’s recovery has also increased the dollar value of Strategy’s main asset. A recent Bitcoin price analysis identified $83,000 as an important resistance area after BTC rebounded from its September lows. Bitcoin later traded above $85,000, placing the market price above Strategy’s $75,416 average acquisition cost.
Monday’s filing lists MSTR and four preferred-stock classes as securities registered under Section 12(b) of the Securities Exchange Act. MSTR, STRF, STRC, STRK and STRD are traded on the Nasdaq Global Select Market.
