Strategy Buys 1,665 More Bitcoin, Total Holdings Reach 847,666 BTC

Strategy added 1,665 BTC for about $142.7 million at an average of $85,681 per coin, according to a regulatory filing covering Sept. 21 to Sept. 27.

Strategy Bitcoin Holdings Hit 847,666 BTC

The company now holds bitcoin worth roughly $70.6 billion, bought at an average of $75,437 for a total cost near $64 billion. That is over 4% of bitcoin’s 21 million supply and about $6.6 billion in paper gains. Executive chairman Michael Saylor had teased the buy on Sunday with a post reading “A little more orange.”

How Strategy Funded the Purchase

The buy came from at-the-market sales of MSTR stock. Last week Strategy sold 1,469,165 shares for about $246.2 million, leaving $18.84 billion available. It also repurchased 1,534,530 STRC preferred shares for around $151.7 million, using $103.5 million from stock sales and $48.1 million in cash. Its USD reserve stands at $5.02 billion, with $1 billion in cash.

MSTR Stock and Daily Dividend Plan

Strategy proposed daily dividends for STRC, STRD, STRF and STRK, with a shareholder vote on Oct. 28. Rates and total obligations stay the same. MSTR rose 16.1% last week to $158.61 but remains down 65% over the past year.