Strategy’s Bitcoin Holdings Hit 847,666 BTC After $143M Purchase
What happened: Strategy, led by Michael Saylor, acquired 1,665 BTC between September 21–27 for $142.
What happened: Strategy, led by Michael Saylor, acquired 1,665 BTC between September 21–27 for $142.7 million at an average price of $85,681 per BTC. The company’s total Bitcoin holdings now stand at a record 847,666 BTC, representing over 4% of Bitcoin’s 21 million supply cap and a market value of approximately $70.6 billion. The purchase was funded by selling 1.47 million MSTR shares, raising $246.2 million, with proceeds split between Bitcoin acquisition and repurchasing $103.5 million in STRC preferred stock.
Why it matters: Strategy’s relentless accumulation cements its status as the world’s largest corporate Bitcoin holder, but the reliance on equity dilution to fund purchases remains controversial. The company’s average cost basis is $75,437 per BTC, yielding an unrealized gain of about $6.6 billion. The move signals continued institutional conviction in Bitcoin, though critics note the diminishing impact of each incremental buy relative to Strategy’s overall stack.
Source: Decrypt