Michael Saylor’s Strategy has resumed Bitcoin accumulation after a brief two-week pause, buying 950 BTC for $75.7 million at an average price of $79,670 per coin, according to a Form 8-K filed with the U.S. Securities and Exchange Commission on Monday.
The latest purchase lifted Strategy’s Bitcoin holdings to 846,000 BTC, acquired for roughly $63.8 billion at an average cost of $75,416 per Bitcoin (including fees and expenses). With Bitcoin quoted around $84,925 at the time of publication, the company reported an unrealized gain of about $8.05 billion on its treasury position, based on the figures included in its filing and CoinGecko’s price reference.
Key takeaways
- Strategy bought 950 BTC for $75.7 million (avg. $79,670) after pausing for about two weeks, per an SEC Form 8-K.
- Strategy’s Bitcoin treasury now totals 846,000 BTC, with the company citing an unrealized gain of roughly $8.05 billion versus a referenced BTC price of $84,925.
- Alongside Bitcoin buys, Strategy continued repurchasing its STRC preferred stock—spending $174 million for about 1.77 million shares.
- Strategy’s “USD Cash” balance fell to $1.05 billion, while “USD Reserve” edged down to $5.04 billion following dividend and debt-interest payments.
- Strategy’s action aligns with broader corporate Bitcoin accumulation activity, including Strive’s reported addition of 1,355 BTC last week.
Bitcoin buying resumes at Strategy
Strategy’s SEC filing details the pace and cost of its most recent Bitcoin acquisition. The company reported purchasing 950 BTC between Monday and Sunday for $75.7 million, returning to its announced accumulation program after an earlier stretch of inactivity lasting roughly two weeks.
The move matters for investors who monitor whether the company’s treasury strategy remains consistent through market cycles. Even when Bitcoin prices fluctuate, Strategy’s approach depends on a steady deployment plan—one that is now being carried out while it also manages preferred securities and capital levels.
After the transaction, Strategy said its Bitcoin portfolio consists of 846,000 BTC acquired for approximately $63.8 billion at an average cost of $75,416 per coin (including fees and expenses). The referenced Bitcoin price of $84,925 at the time of publication implied an unrealized gain of about $8.05 billion.
Preferred stock repurchases continue with STRC buybacks
While Strategy added to its Bitcoin holdings, it simultaneously continued reducing its preferred equity exposure. The company reported that it repurchased approximately 1.77 million shares of its perpetual preferred stock, STRC, for about $174 million during the same week.
In pre-market trading on Monday, STRC was up 0.35% to $98.85. Strategy also stated it had $875.1 million remaining under its preferred-stock repurchase program and $1 billion available under its MSTR share repurchase program.
Separately, the filing notes that Strategy reported no sales under its at-the-market offering programs between Sept. 14 and Sept. 20, indicating the company did not raise incremental capital through those facilities during that window.
Cash buffers shrink as Strategy pays dividends and services debt
Strategy’s ability to balance Bitcoin buys with equity buybacks hinges on its treasury liquidity. In its most recent reporting, the company showed that its deployable cash declined.
“USD Cash” fell nearly 20% to $1.05 billion from $1.30 billion a week earlier, when Strategy had last reported a higher cash position. Meanwhile, its “USD Reserve” decreased slightly to $5.04 billion from $5.10 billion as the company used $57.4 million to pay preferred-stock dividends and interest on outstanding debt.
Strategy’s stated framework distinguishes between these balances: USD Cash is used for broader treasury purposes, including Bitcoin purchases and capital management, while USD Reserve is intended primarily to support preferred-stock dividends and debt interest. For observers, the direction of these balances is important because it can signal how quickly the company may need to rely on one source of liquidity versus another to sustain both Bitcoin accumulation and capital return activities.
Corporate Bitcoin accumulation stays active beyond Strategy
Strategy’s resumed buying also fits into a wider pattern of corporate treasury activity. Yahoo Finance data cited by the article showed Strategy’s shares rose 7.4% to $165.2 in pre-market trading on Monday.
Another corporate Bitcoin holder, Strive, also announced Bitcoin purchases on Monday. According to the SEC filing linked in the original report, Strive added 1,355 BTC last week, bringing its total holdings to 26,355 coins. Strive’s shares were reported up 6.44% to $32.03.
Together, these updates underline how treasury-focused firms are continuing to deploy capital into Bitcoin while managing their own balance-sheet mechanics—often through a mix of direct purchases, preferred equity activity, and cash reserve management. The exact mix varies from company to company, but the common thread is that Bitcoin accumulation remains a central part of their capital allocation.
Looking ahead, investors should watch whether Strategy maintains this renewed buying cadence while its cash balances continue to adjust—particularly the pace of USD Cash declines versus ongoing STRC repurchases. If Bitcoin prices stay elevated relative to Strategy’s average cost, the company’s unrealized position could remain a powerful narrative driver; however, liquidity trends will likely remain the key factor determining how sustainable both Bitcoin buys and preferred-stock buybacks are over the coming weeks.
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