Strategy disclosed on September 28 that it acquired 1,665 bitcoin between September 21 and September 27 for $142.7 million at an average price of $85,681 per coin, including fees and expenses. The purchase lifted the company’s total bitcoin holdings to a record 847,666 BTC as of September 27.

The new total exceeds the previous high of 847,363 BTC reported in June. Strategy had sold some bitcoin during the summer before resuming purchases in August and continuing the pattern into September. The firm’s overall bitcoin position now carries an aggregate acquisition cost of $63.95 billion, or an average of $75,437 per bitcoin.

Funding Through Common Stock Sales

Strategy financed the bitcoin acquisition with net proceeds from its at-the-market equity program. The company sold 1,469,165 shares of its Class A common stock, generating $246.2 million. Of that amount, $142.7 million went toward the bitcoin purchase and $103.5 million supported the repurchase of preferred shares.

In parallel, Strategy bought back 1,534,530 shares of its Variable Rate Series A Perpetual Stretch Preferred stock, known as STRC, for a total of $151.7 million. The buyback combined the $103.5 million from common stock sales with $48.1 million drawn from the company’s USD cash balance. Strategy stated that $723.5 million remains available under its digital credit securities repurchase program.

Cash Position and Capital Framework

After the week’s activity, Strategy reported $6.02 billion in USD assets as of September 27. This comprised a $5.02 billion USD Reserve, maintained to cover preferred dividends and debt interest, and $1 billion in USD Cash available for broader capital management, including potential bitcoin purchases or further securities activity. The cash balance declined after the $48.1 million allocated to the STRC repurchase, while the reserve decreased following the $22.1 million dividend payment.

At prevailing market prices near $83,400 per bitcoin around the time of the filing, the company’s holdings were valued at approximately $70.6 billion, representing unrealized gains of about $6.6 billion above the cumulative cost basis. Strategy’s bitcoin position accounts for more than 4 percent of the asset’s 21 million supply cap.

Preferred Stock Measures and Upcoming Vote

The STRC buybacks form part of a broader effort to support the preferred securities, which have traded below their $100 par value. On September 25, Strategy proposed shifting dividends on STRC, STRD, STRF, and STRK to a daily accrual and payment schedule. Common shareholders will vote on the proposal on October 28. If approved, STRC would begin daily payments with a record date of November 1 and first payment on November 2, with no change to coupon rates or total dividend obligations. Preferred holders do not vote on the change.

Strategy has maintained a consistent approach of raising capital through equity and preferred offerings to fund bitcoin accumulation while managing its preferred stock liabilities and cash reserves. The latest weekly disclosure continues that pattern following a brief pause in purchases earlier in the year.