Bitcoin<\/a> buying again while simultaneously using capital to retire some of its own preferred stock.<\/p>\nThe company disclosed on September 28 that it purchased 1,665 BTC for approximately $142.7 million during the previous week.<\/p>\n
The average purchase price was $85,681 per Bitcoin.<\/p>\n
Strategy Now Holds 847,666 BTC<\/h2>\n
The latest acquisition brings Strategy\u2019s total Bitcoin holdings to 847,666 BTC.<\/p>\n
Those coins were acquired for an aggregate cost of approximately $63.95 billion, including fees and expenses, giving the company an average acquisition price of $75,437 per BTC.<\/p>\n
The new purchase follows Strategy\u2019s acquisition of 950 BTC the previous week.<\/p>\n
That makes this a separate transaction rather than a restatement of the earlier buy.<\/p>\n
Strategy financed the latest activity in part through sales of its MSTR common stock.<\/p>\n
The company sold roughly 1.47 million shares through its at-the-market program for approximately $246.2 million in net proceeds.<\/p>\n
Of that amount, about $142.7 million went toward Bitcoin.<\/p>\n
Another $103.5 million was used toward repurchasing STRC.<\/p>\n
Strategy Is Managing Both Sides Of Its Capital Structure<\/h2>\n
The company bought back approximately 1.53 million STRC shares for around $151.7 million in total.<\/p>\n
The remaining cost of that repurchase was funded with roughly $48.1 million of existing cash.<\/p>\n
That makes this week\u2019s disclosure more interesting than a standard Strategy Bitcoin purchase.<\/p>\n
The company is simultaneously issuing common stock, increasing its Bitcoin position and reducing the amount of one preferred security outstanding.<\/p>\n
Strategy has spent the past year building an increasingly complicated capital structure around its Bitcoin treasury.<\/p>\n
Common shares, convertible debt and several classes of preferred securities all provide different ways to raise capital or distribute income.<\/p>\n
STRC is one of those preferred products.<\/p>\n
Buying some of it back while continuing to accumulate Bitcoin shows Strategy actively managing the cost and composition of that funding rather than simply issuing securities indefinitely.<\/p>\n
The Bitcoin number will naturally attract most of the attention.<\/p>\n
But the STRC repurchase is part of the same story.<\/p>\n
Strategy is now managing a balance sheet where Bitcoin accumulation and capital-market engineering are effectively one operation.<\/p>\n
This week, it spent heavily on both.<\/p>\n
This article was written by the News Desk and edited by Samuel Rae<\/a>.<\/em><\/p>","protected":false},"excerpt":{"rendered":"TL;DR Strategy bought 1,665 BTC for approximately $142.7 million between September 21 and September 27. The company now holds 847,666 BTC acquired for about $63.95 billion in total. Strategy also repurchased roughly $151.7 million of STRC preferred shares during the same week. Strategy has accelerated its Bitcoin buying again while simultaneously using capital to retire […]<\/p>\n","protected":false},"author":0,"featured_media":233621,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-233620","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/233620"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=233620"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/233620\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/233621"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=233620"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=233620"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=233620"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}