Strategy buys 950 BTC for $75.7 million, holdings reach 846,000 BTC

Bitcoin treasury company Strategy acquired an additional 950 BTC for approximately $75.7 million at an average price of $79,670 per bitcoin between Sept. 14 and Sept. 20, according to an 8-K filing with the Securities and Exchange Commission. The latest acquisitions were funded by the company's USD Cash reserve. Strategy now holds 846,000 BTC, worth around $71.9 billion, at an average purchase price of $75,416 per bitcoin. The total cost was around $63.8 billion, including fees and expenses, according to co-founder and executive chairman Michael Saylor. The holdings equal more than 4% of bitcoin's 21 million supply cap and imply around $8.1 billion in paper gains at current prices. Strategy also repurchased 1.77 million STRC preferred shares last week for around $174 million. During the same period, the company used $57.4 million of its USD Reserve to pay dividends on preferred stock and interest on outstanding debt. As of Sept. 20, the company's USD Reserve balance was $5.04 billion and its USD Cash balance was $1.05 billion. Saylor posted another Strategy bitcoin acquisition tracker chart to X on Sunday with the caption "A little more orange." Similar posts have typically preceded bitcoin acquisition announcements the following day, although the company's strategy has varied in recent weeks and its bitcoin holdings had recently remained steady. Bitcoin Treasuries data listed 196 public companies as having adopted some form of bitcoin acquisition model. The other companies in the top five were Tether-backed Twenty One with 43,514 BTC, Metaplanet with 43,000 BTC, MARA with 35,577 BTC, and Adam Back and Cantor Fitzgerald-backed Bitcoin Standard Treasury Company with 30,021 BTC. Strategy's stock gained 16.4% last week and closed Friday at $153.92. It was flat year-to-date after a substantial recovery but remained down 54.2% over the past year. Bitcoin rose 5.3% during the same period.