Strategy buys 950 Bitcoin for $76M, repurchases $174M in STRC

MicroStrategy resumed its Bitcoin buying program after a two‑week pause, acquiring 950 BTC for $75.7 million while also repurchasing $174 million of its STRC perpetual preferred stock.

Bitcoin purchase details

The company bought the 950 BTC between Monday and Sunday at an average price of $79,670 per coin, according to a Form 8‑K filing. This transaction raised MicroStrategy’s total Bitcoin holdings to 846,000 BTC, representing an aggregate cost of about $63.8 billion at an average price of $75,416 per coin, including fees and expenses.

Unrealized gain

With Bitcoin trading around $84,925 at the time of reporting, the firm’s Bitcoin portfolio showed an unrealized gain of roughly $8.05 billion.

Preferred‑stock repurchase

During the same week, MicroStrategy repurchased approximately 1.77 million shares of its STRC preferred stock for $174 million. The company still has $875.1 million available under its preferred‑stock repurchase program and $1 billion remaining for its MSTR share repurchase program.

Cash position

MicroStrategy’s “USD Cash” balance fell to $1.05 billion, down nearly 20 % from the previous week’s $1.30 billion. Its “USD Reserve” decreased slightly to $5.04 billion from $5.10 billion after paying $57.4 million in preferred‑stock dividends and debt‑interest obligations.

Market reaction

Shares of MicroStrategy rose 7.4 % to $165.2 in pre‑market trading following the announcement. STRC shares edged up 0.35 % to $98.85.