Strategy adds 950 Bitcoin, bringing total holdings to 846,000 BTC

Strategy reported a new Bitcoin purchase of 950 BTC during the week ending September 20. The acquisition cost $75.7 million, reflecting an average price of $79,670 per Bitcoin.

Aggregate holdings

Following the purchase, Strategy’s total Bitcoin balance stands at 846,000 BTC. The company states that the entire Bitcoin portfolio was acquired for an aggregate $63.80 billion, resulting in an overall average acquisition cost of $75,416 per BTC.

SEC filing details

An SEC filing dated September 21 disclosed the weekly purchases, noting that the transactions occurred between September 14 and September 20. The filing also revealed a repurchase of 1,771,238 shares of STRC preferred stock for $174 million.

Implications for the company

With Bitcoin now representing a central component of Strategy’s balance sheet, changes in the cryptocurrency’s price are likely to have a material impact on the firm’s valuation and financing narrative. The recent purchase was made at a price above the company’s blended cost basis, modestly raising the average acquisition price.