Strategy, formerly known as MicroStrategy, acquired 950 BTC between September 14 and September 20. The purchase cost approximately $75.7 million, with an average price of $79,670 per coin. This transaction brings the company's total holdings to 846,000 BTC, which accounts for over 4% of the total 21 million Bitcoin supply.
The acquisition was financed using the company's existing cash reserves. As of September 20, Strategy held $1.05 billion in cash, with a broader reserve totaling $5.04 billion. The firm's total cost basis for its Bitcoin holdings is approximately $63.8 billion, with an average acquisition price of $75,416 per coin.
With Bitcoin trading near $85,000, Strategy reports unrealized gains of about $8.1 billion. The total market value of its holdings is estimated between $71.9 billion and $72 billion. Additionally, the company repurchased 1.77 million shares of STRC preferred stock for $174 million and paid $57.4 million in dividends and interest.
Publicly traded companies accumulated a net 2,254 BTC during the same period, with Strategy accounting for roughly 42% of this total. Furthermore, the total supply of stablecoins increased by $56.29 million during the week. Strategy has been accumulating Bitcoin since 2020.
