CMC News

#Strategy Adds 196 $BTC in $22M Treasury Purchase

Michael Saylor's Strategy Inc. acquired 196 $BTC for $22.1 million during the week ending Sept. 28, according to a Securities and Exchange Commission filing released Monday. The world's largest public $BTC holder purchased the tokens at an average price of $113,048 per coin.

The #acquisition brings Strategy's total holdings to 640,031 $BTC, worth approximately $71.8 billion. The company's entire $BTC position was acquired for roughly $47.4 billion at an average price of $73,983 per token, including fees and expenses, implying around $24.4 billion in unrealized gains.

Strategy funded the latest purchases through at-the-market sales of its Class A common stock MSTR, along with perpetual Strife preferred stock STRF and perpetual Stride preferred stock STRD. The company's holdings now represent more than 3% of $BTC total 21 million supply.

The $22 million purchase marks one of Strategy's smallest weekly #Bitcoin acquisitions to date, reflecting a buying slowdown observed in recent months. The company shifted its primary funding focus from common stock sales to perpetual preferred stock programs for continued accumulations.

Strategy's four perpetual preferred stock programs, STRK, STRC, STRF, and STRD, operate with respective at-the-market programs of $21 billion, $4.2 billion, $2.1 billion, and $4.2 billion. These vehicles supplement the firm's "42/42" plan targeting $84 billion in total capital raises through 2027 for $BTC acquisitions.