Bitcoin (BTC) buying resumed at Strategy (STRC) last week, with 950 BTC acquired for $75.7 million between Sept. 14-20, lifting the company’s holdings to 846,000 BTC. The stash equals roughly 4% of all bitcoin that can ever exist. Strategy also repurchased $174 million of STRC preferred stock, deploying nearly $250 million in cash.
Bitcoin (BTC) accumulation at Strategy (STRC) accelerated last week as the company bought 950 BTC for $75.7 million between Sept. 14 and Sept. 20, raising its holdings to 846,000 BTC. The position represents roughly 4% of the total bitcoin supply that will ever exist. Strategy also repurchased $174 million of STRC preferred stock, putting nearly $250 million to work across two capital allocation moves.
The fresh purchases came at an average price of $79,670 per bitcoin, the company said, taking its aggregate cost basis to $63.80 billion, or $75,416 per coin. The buys rebuild a position that had been trimmed over the summer.
Why did Strategy resume Bitcoin purchases?
Strategy resumed purchases to rebuild its BTC position after selling during the summer, adding 950 BTC for $75.7 million at an average price of $79,670 between Sept. 14 and Sept. 20. The move lifted its holdings to 846,000 BTC and increased its aggregate cost basis to $63.80 billion, or $75,416 per coin.
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The acquisition underscores continued conviction in bitcoin as a primary treasury asset. By lifting holdings back to 846,000 BTC—about 4% of eventual supply—the company reinforced its strategy of using cash to accumulate BTC on market weakness while managing its capital structure alongside equity actions.
Action
Amount
Timing
Key Price/Metric
Bitcoin purchase
950 BTC / $75.7M
Sept. 14–20
$79,670 average price
Total BTC holdings
846,000 BTC
After purchases
$75,416 aggregate cost per BTC
STRC preferred buyback
$174M
Last week
~$250M combined cash deployed
How large is Strategy’s Bitcoin position now?
The company holds 846,000 BTC after the latest buys, equal to roughly 4% of all bitcoin that can ever exist. Its total cost basis stands at $63.80 billion, or $75,416 per coin, following the 950 BTC purchase tranche executed at a $79,670 average price between Sept. 14 and Sept. 20.
This scale cements Strategy among the largest institutional holders of the cryptocurrency. It also concentrates balance sheet exposure to bitcoin price performance, magnifying both upside and downside sensitivity around major market moves, liquidity conditions, and macro risk events.
What does the preferred stock buyback signal?
The $174 million repurchase of STRC preferred stock signals concurrent balance sheet optimization alongside Bitcoin accumulation, with nearly $250 million in total cash deployed across both actions last week. The buyback reduces preferred obligations while preserving the company’s BTC-first treasury stance.
Executing equity capital returns and crypto purchases in tandem suggests management is prioritizing both shareholder structure and long-term cryptocurrency exposure. The combined outlay highlights willingness to use cash flows and liquidity to support strategic objectives across digital assets and corporate finance.
What should investors watch next?
Investors should watch the pace of additional BTC acquisitions, any further balance sheet actions around STRC securities, and updates to the aggregate cost basis. Monitoring purchase price ranges relative to the $75,416 per-coin basis and $79,670 recent average will help gauge risk, liquidity use, and sensitivity to near-term Bitcoin price swings.
Further disclosures on timing and size of acquisitions or buybacks would clarify capital deployment cadence. Market conditions, including spot liquidity and volatility, will shape how efficiently the company can add to its BTC holdings while managing financing costs and shareholder structure.
This article is for informational purposes only and does not constitute financial, investment, or trading advice. Cryptocurrency markets are highly volatile and carry significant risk. Always conduct your own research (DYOR) and consult a qualified financial advisor before making investment decisions. Past performance does not guarantee future results.
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