Strategy buys $143 million in Bitcoin as holdings reach 847,666 BTC

Strategy bought 1,665 Bitcoin for $142.7 million last week. The purchase lifted its holdings to 847,666 BTC. Strategy sold 1.47 million MSTR shares for $246.2 million in net proceeds to fund the purchase. Strategy said in a Sept. 28 8-K filing with the US Securities and Exchange Commission that it bought the Bitcoin at an average price of $85,681 per coin between Monday and Sunday. Strategy has spent $63.95 billion on its Bitcoin holdings at an average price of $75,437 per Bitcoin, including fees and expenses. Strategy allocated $142.7 million of the share-sale proceeds to Bitcoin. It allocated $103.5 million to repurchases of its STRC preferred stock. Strategy repurchased 1.53 million STRC shares for $151.7 million. Strategy used an additional $48.1 million from its US dollar cash holdings for the repurchases. The previous week, Strategy bought 950 BTC for $75.7 million. That purchase followed a two-week pause. Strategy's “USD Cash” balance fell to $1 billion from $1.05 billion week over week after it used $48.1 million for STRC repurchases. Strategy maintains a separate US dollar reserve to cover preferred stock dividends and debt interest. The reserve declined to $5.02 billion from $5.04 billion after $22.1 million in dividend payments.