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

  • Strategy acquired 950 BTC and repurchased $174 million of STRC.
  • 846,000 BTC cost $63.8 billion, averaging $75,416 per unit.
  • Strategy’s previous Bitcoin purchase was announced August 31, before the September 21 announcement.

Strategy has resumed its Bitcoin purchases, acquiring 950 BTC for $75.7 million at an average price of $79,670. The purchase brings the company’s holdings to 846,000 BTC, bought for $63.8 billion at an average cost of $75,416 per coin, making it the largest corporate holder of the cryptocurrency. Strategy also repurchased $174 million of STRC and reported $6.09 billion in USD assets. Its Bitcoin holdings were worth $71.7 billion as Bitcoin traded at $84,800, leaving the company with an unrealized gain of almost $8 billion after recording an unrealized loss of more than $11 billion a few months earlier. The purchase followed a hint from co-founder and former CEO Michael Saylor on X and marked Strategy’s first Bitcoin accumulation since August 31. The company had focused primarily on repurchasing STRC, which recovered from $75 and closed Friday at $98.51, near its $100 par price.

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