Strategy buys 950 Bitcoin for $75.7M after two-week pause

Strategy acquired 950 Bitcoin for $75.7 million at an average price of $79,670 per coin between Monday and Sunday, according to a Form 8-K filing with the US Securities and Exchange Commission on Monday. The purchase brought Strategy's holdings to 846,000 BTC, acquired for about $63.8 billion at an average cost of $75,416 per Bitcoin, including fees and expenses. With Bitcoin trading at $84,925 at the time of publication, Strategy had an unrealized gain of about $8.05 billion on its holdings. Strategy also repurchased about 1.77 million shares of its perpetual STRC preferred stock for $174 million during the same week. The company said it had $875.1 million available under its preferred-stock repurchase program and $1 billion remaining under its MSTR share repurchase program. Strategy reported no sales under its at-the-market offering programs between Sept. 14 and Sept. 20, meaning it did not raise funds through those programs during that period. Its USD Cash balance fell nearly 20% to $1.05 billion from $1.30 billion a week earlier. Its separate USD Reserve declined to $5.04 billion from $5.10 billion after Strategy used $57.4 million to pay preferred-stock dividends and interest on outstanding debt. Strategy uses USD Cash for broader treasury purposes, including Bitcoin purchases and capital management, while its USD Reserve is intended primarily to support preferred-stock dividends and debt interest. Strategy shares rose 7.4% to $165.2 in pre-market trading on Monday, according to Yahoo Finance data, while STRC rose 0.35% to $98.85. Strive also announced that it had added 1,355 BTC the previous week, bringing its holdings to 26,355 coins, and its shares rose 6.44% to $32.03.