Strategy buys 950 Bitcoin and reaches 846,000 BTC

Strategy has once again bought Bitcoin, bringing its total to 846,000 BTC. Michael Saylor’s company acquired 950 BTC and additionally repurchased $174 million worth of its own preferred shares (STRC). At the same time, Strive announced it had bought 1,355 BTC. Bitcoin itself is up 6.4% at the time of writing, to $86K.

Bitcoin is available at OKX and Bybit.

In brief:

• Strategy buys 950 BTC and now holds 846,000 BTC in total.
• The company also bought back $174 million worth of its own preferred shares.
• Strive buys 1,355 BTC for $107.7 million, taking its total position to 26,355 BTC.

Strategy buys more at an average of $75.412 per coin

According to a filing with the US market regulator SEC, as of 20 September Strategy holds 846,000 BTC and around $6.09 billion in other liquid assets. The previous position stood at 845,050 BTC at an average purchase price of $75.412 per coin, with a total investment of roughly $63.73 billion.

Earlier, during a sharp market decline, unrealised losses on Strategy’s Bitcoin position ran to more than $10 billion. With the current price rise towards $86.000, that situation is improving considerably. Strategy is seen as one of the most notable Bitcoin buyers among listed companies.

Strive takes position to 26,355 BTC

Strive is also expanding its Bitcoin reserves. Executive Chairman Matt Cole says the company has bought 1,355 BTC for $107.7 million, at an average price of $79.475 per coin. That brings Strive’s total position to 26,355 BTC.

Strive began accepting so-called warrant exercises last week and received $21.2 million in gross proceeds from them. Including this income, the SATA instrument accounts for 57.7% of the total capital Strive has raised to date. The buying spree at both companies coincides with a broad revival in the crypto market.