Strategy Increases Bitcoin Holdings to Record Levels
- Strategy purchased 1,665 BTC for $142.7 million between September 21 and September 27.
- This acquisition increased their total Bitcoin holdings to a record of 847,666 BTC.
- The company also repurchased $151.7 million of its STRC preferred stock.
- The recent Bitcoin purchase was funded by selling MSTR common stock, raising $246.2 million in net proceeds.
- Strategy reported $6.02 billion in USD assets as of September 27.
Strategy has strategically balanced its capital allocation by acquiring Bitcoin while repurchasing preferred stock, reaching a new high in its cryptocurrency holdings. The company’s financial maneuvers included selling MSTR shares to fund these acquisitions and maintain liquidity for future investments.
With 847,666 BTC now held, Strategy’s latest moves underscore its commitment to increasing its cryptocurrency reserves while managing other financial obligations effectively. (Source)
