Strategy Buys 1,665 Bitcoin for $143M, Holdings Hit 847,666 BTC
In brief
- Strategy purchased 1,665 Bitcoin for $142.7 million between Monday and Sunday
- Holdings reached 847,666 BTC after the acquisition
- Company sold 1.47 million shares for $246.2 million in proceeds
- $103.5 million from sale allocated to preferred stock repurchases
- Cash balance declined to $1 billion from $1.05 billion week-over-week
Share Sales Fund Bitcoin Purchases
Strategy sold 1.47 million shares for $246.2 million in net proceeds, according to a filing with the SEC. The company allocated $142.7 million from the sale directly to Bitcoin purchases. The remaining $103.5 million went toward repurchasing STRC preferred stock (1.53 million shares for $151.7 million, with an additional $48.1 million coming from its US dollar reserves).
This marks Strategy's latest accumulation after a two-week pause. The company bought 950 BTC for $75.7 million the previous week, resuming its aggressive acquisition strategy.
Balance Sheet Pressure
Strategy's "USD Cash" balance fell to $1 billion from $1.05 billion week over week after the company used $48.1 million for STRC repurchases. Its separate US dollar reserve, maintained to cover preferred stock dividends and debt interest, declined to $5.02 billion from $5.04 billion.
Cumulative Position
Strategy has spent $63.95 billion on its Bitcoin holdings at an average price of $75,437 per Bitcoin, including fees and expenses. The gap between its cumulative average cost ($75,437) and this week's purchase price ($85,681) reflects Bitcoin's recent price movement. At 847,666 BTC, Strategy now holds approximately 4% of Bitcoin's total supply.
