Strategy bought 1,665 bitcoin for $142.7 million between September 21 and September 27, lifting its corporate treasury to 847,666 BTC, according to a September 28 Form 8-K. The company paid an average of $85,681 per bitcoin in the latest acquisition.
The purchase was relatively small beside Strategy’s existing reserve, but the filing also detailed how the company allocated capital during the reporting period. It used proceeds from Class A common-stock sales to pay for the bitcoin, while separately buying back STRC preferred shares with a combination of MSTR-sale proceeds and cash.
The Block independently reported the 1,665-BTC purchase, its $142.7 million cost and the resulting 847,666-BTC balance.
Strategy adds 1,665 BTC at an $85,681 average price
Strategy announced the purchase on September 28 after acquiring the bitcoin over the September 21–27 period. At $142.7 million, the transaction was completed at an average price of $85,681 for each BTC, the company said in its filing.
The addition took the company’s aggregate holdings to 847,666 BTC. The latest purchase represents a small increment against that total, yet it continues a treasury strategy in which the company reports both the quantity of bitcoin held and the capital raised or deployed around those holdings.
Strategy’s filing does not provide a trade-by-trade breakdown for this purchase. The disclosed purchase price therefore represents an average for the reported acquisition period, rather than bitcoin’s price at any particular moment.
Common-stock sales funded the $142.7 million acquisition
Strategy said it funded the bitcoin acquisition with $142.7 million of net proceeds from the sale of 1,469,165 Class A common shares through its at-the-market offering program. The matching acquisition cost and disclosed net proceeds directly tie the stock issuance to the latest BTC purchase.
An at-the-market program allows a company to sell shares through the market under its offering framework. In this case, the company identified the net proceeds from those Class A sales—not cash generated by the separate preferred-stock transaction—as the funding source for the bitcoin bought during the week.
The disclosure places the company’s equity issuance alongside its bitcoin accumulation. It also provides a clearer view of the transaction than the treasury total alone: the new coins were acquired using proceeds from the sale of common stock during the same reporting period.
STRC repurchase ran alongside the Bitcoin buy
Strategy also repurchased 1,534,530 STRC preferred shares for $151.7 million during the reporting period, according to the Form 8-K. That action was separate from the $142.7 million bitcoin acquisition.
The company said the STRC repurchase was funded with both proceeds from MSTR sales and $48.1 million from USD Cash. The filing therefore describes two distinct uses of capital: net proceeds from Class A common-stock sales for bitcoin, and a mix of MSTR-sale proceeds and cash for the preferred-share repurchase.
The preferred-stock buyback exceeded the bitcoin purchase in dollar terms during the period. Together, the disclosures show that the company was managing its securities capital structure at the same time it added to its Bitcoin reserve.
Cumulative Bitcoin cost reaches $63.95 billion
Strategy said its 847,666 BTC holdings were acquired for approximately $63.95 billion in aggregate. The company’s all-in average acquisition cost was $75,437 per bitcoin, including fees and expenses.
The $75,437 cumulative average is lower than the $85,681 average paid in the September 21–27 acquisition. The $85,681 figure applies to the newly disclosed purchase, while the $75,437 figure covers Strategy’s full reported bitcoin holdings and includes fees and expenses.
The filing does not state a current market valuation for the 847,666 BTC balance, but it discloses the quantity held, aggregate acquisition cost, all-in average cost and the funding mechanism for the most recent $142.7 million purchase.
