Strategy buys 950 Bitcoin for $76M, repurchases $174M in STRC — SkimNews
Get the Finance newsletter
Daily finance — markets, central banks, M&A, the prints that move money. Free.
- Strategy acquired 950 BTC for $75.7 million at an average price of $79,670 per coin between Monday and Sunday, bringing its total holdings to 846,000 BTC acquired for roughly $63.8 billion at an average cost of $75,416 per coin.
- Strategy repurchased approximately 1.77 million shares of its STRC perpetual preferred stock for $174 million during the same week, leaving $875.1 million available under its preferred-stock repurchase program and $1 billion remaining under its MSTR share repurchase program.
- With Bitcoin trading at $84,925 at publication, Strategy sat on an unrealized gain of about $8.05 billion on its holdings, while MSTR shares rose 7.4% to $165.2 in pre-market trading.
- Strategy's "USD Cash" balance dropped nearly 20% to $1.05 billion from $1.30 billion the prior week, and its separate "USD Reserve" fell to $5.04 billion as it used $57.4 million to pay preferred-stock dividends and interest on outstanding debt.
- Strategy reported no sales under its at-the-market offering programs between Sept. 14 and Sept. 20, meaning the recent BTC buy was funded entirely out of existing reserves rather than fresh equity issuance.
- Strive, the world's fifth-largest corporate Bitcoin holder, also added 1,355 BTC last week, bringing its total to 26,355 coins, with its shares rising 6.44% to $32.03.
Why it matters: Strategy is funding both fresh Bitcoin accumulation and preferred-stock buybacks from its existing cash pile, with 'USD Cash' falling roughly 20% in a single week to $1.05 billion — a pace of drawdown that materially narrows its deployable cushion if BTC prices or capital needs shift. For STRC holders specifically, $875.1 million of buyback authorization remains and the stock trades near par, suggesting ongoing price support for that preferred instrument.
Ask SkimNews
