Strategy, formerly MicroStrategy, bought 950 BTC during the week ending September 20, and repurchased $174 million in STRC preferred shares.
The purchase brought Strategy’s total holdings to 846,000 BTC, according to its September 21 disclosure.
The purchase cost the company about $75.7 million at an average price of roughly $79,670 per Bitcoin. Strategy acquired its total Bitcoin position for about $63.8 billion at an average cost of about $75,416 per coin.
The latest purchase follows a two-week period in which Strategy bought no Bitcoin. Its previous purchase came in late August, when it acquired 4,603 BTC for $369.7 million.
Strategy Continues STRC Buybacks
During the same reporting period, Strategy also repurchased about $174 million of STRC, its Variable Rate Series A Perpetual Stretch preferred stock.
STRC buyback spending was more than twice the amount spent on Bitcoin.
Strategy spent $139.3 million on STRC buybacks in the previous reporting period, with no Bitcoin purchases.
The latest purchase shows that Strategy remains a Bitcoin buyer, but its capital strategy extends beyond BTC accumulation, as the company also manages the preferred securities used to support its Bitcoin treasury model.
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