Strategy Expands Bitcoin Portfolio by 1,036 BTC, Total Holdings Reach 850,364
In its most recent SEC disclosure, Strategy revealed it acquired Bitcoin worth $81.9 million during the past week, simultaneously allocating $188.3 million toward buying back STRC preferred stock.
During the previous week, Strategy acquired 1,036 Bitcoin in a transaction valued at $81.9 million, pushing the company's total cryptocurrency reserves to 850,364 BTC.
According to Monday's regulatory submission to the US Securities and Exchange Commission, the firm's average purchase price stood at $79,012 per BTC for last week's acquisition.
The company disclosed that its cumulative Bitcoin investment has reached $64.16 billion, representing an average acquisition cost of $75,456 per digital coin. The firm's current Bitcoin reserves represent approximately 4.05% of the cryptocurrency's fixed 21 million token cap.
Beginning in October, Strategy has allocated approximately $1.06 billion toward repurchasing its STRC preferred stock, a figure that dwarfs the $219.7 million dedicated to Bitcoin acquisitions during the identical timeframe by nearly five times.
Strategy spends $188.3 million on STRC buybacks
Through its at-the-market offering initiative, Strategy generated $283.8 million in net capital last week by divesting approximately $2.05 million worth of common stock shares (MSTR).
From these proceeds, Strategy directed $188.3 million toward the repurchase of roughly 1.89 million STRC shares, coming on the heels of $208.2 million in share buybacks completed during the prior week. The company designated $81.9 million for Bitcoin acquisitions while earmarking an additional $13.6 million for its USD Cash reserve.
The company's independent US dollar reserve experienced a modest decline to $4.77 billion from $4.79 billion following a $21.1 million withdrawal to cover preferred stock dividend obligations.
Meanwhile, its USD Cash reserve experienced an increase of roughly 10%, climbing to $146.2 million from the prior week's $132.7 million.
This most recent Bitcoin acquisition comes after Strategy's procurement of 811 BTC valued at $65.5 million in the preceding week.
In Monday's premarket trading session, Strategy's common stock declined 3% to reach $125, while the company's STRC preferred shares experienced a marginal decrease of 0.06% to $99.7, based on data from Yahoo Finance.