Strategy Buys 1,665 More Bitcoin, Raising Holdings to 847,666 BTC

Strategy, the largest publicly traded corporate holder of Bitcoin, bought 1,665 more tokens for about $142.7 million.

According to a filing submitted to the US Securities and Exchange Commission on September 28, the company bought the Bitcoin between September 21 and September 27 at an average price of $85,681 per token.

The purchase raised Strategy’s total Bitcoin holdings to 847,666 BTC. That is more than 4% of Bitcoin’s maximum supply of 21 million tokens. Including fees and expenses, the company’s cumulative Bitcoin purchases total about $64 billion, with an average purchase price of $75,437.

Strategy Chairman Michael Saylor said the company’s Bitcoin holdings are now valued at about $70.6 billion, giving it roughly $6.6 billion in unrealized gains.

Strategy funded the latest purchase through common stock sales and cash-equivalent assets. Last week, it sold about 1,469,165 shares of common stock and raised $246.2 million. Of that amount, it used $103.5 million, along with $48.1 million in cash on hand, to buy Bitcoin. As of September 27, the company still had about $18.84 billion of common stock available for future issuance and sale.

Over the same period, the company spent about $151.7 million to repurchase STRC preferred shares and used another $22.1 million to pay preferred dividends. As of September 27, its dollar reserves and cash balance stood at $5.02 billion and $1 billion, respectively.

Separately, Strategy recently proposed changing dividend payments for four series of preferred shares — STRC, STRD, STRF and STRK — to a daily schedule. Shareholders are set to vote on the proposal at a general meeting on October 28. If approved, the revised dividend schedule will first apply to STRC.