Strategy Inc. (MSTR) acquired 1,665 Bitcoin (BTC) for approximately $142.7 million between September 21 and September 27, according to its latest filing with the U.S. Securities and Exchange Commission (SEC). It’s the second straight week the firm has added to its stockpile. But Bitcoin fell below $83,000 after the buying was disclosed on Monday.
Purchase Funded Through Stock Sale
According to the 8-K filing, Strategy purchased its latest Bitcoins for the average price of $85,681 per coin. The week before, between September 14 and 20, Strategy picked up 950 Bitcoins for roughly $75.7 million, at an average price of about $79,670 each.
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Total company’s holdings now stand at 847,666 BTC, acquired for a total of $63.95 billion, or an average of $75,437 per Bitcoin.
Strategy funded the latest Bitcoin purchase by selling 1,469,165 MSTR shares via its at-the-market program, generating $246.2 million in net proceeds. Of that, $142.7 million went to Bitcoin purchases and $103.5 million to STRC stock repurchases.
Strategy repurchased 1,534,530 STRC shares for $151.7 million, with $723.5 million remaining available under the preferred stock repurchase program. $48.1 million of USD Cash funded the STRC repurchases, while $22.1 million from the USD Reserve covered preferred stock dividends.
Bitcoin Slides Under $83,000
Strategy is one of the largest corporate holders of Bitcoin, making its purchases closely watched by crypto investors.. However, after the company disclosed its Bitcoin purchases today, Bitcoin’s positive reaction was short-lived.
Bitcoin climbed to $83,000 on September 28 before reversing sharply. The cryptocurrency, however, fell as low as $82,570 short after, its lowest level in the past 24 hours.
This is a key moment for Bitcoin. From a technical-analysis perspective, the $82,000–$81,300 range is the first support zone to watch. A break below that area could put the $78,000–$75,000 range in focus.
Why This Matters
Strategy’s continued accumulation reinforces its position as the largest corporate Bitcoin holder and signals sustained institutional demand for BTC. The company’s financing mix—between stock sales and cash reserves—offers insight into how it balances growth with capital management.
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