Key Takeaways
Strategy acquired 950 Bitcoin for $75.7 million, bringing its total treasury holdings to 846,000 coins, as reported by BlockchainReporter.
According to BlockchainReporter, Bitcoin treasury company Strategy disclosed in a Form 8-K regulatory filing on Monday that it acquired 950 Bitcoin between September 14 and September 20. The purchase cost roughly $75.7 million, with an average price of $79,670 per coin. Funded entirely from cash on hand without selling shares under its at-the-market program, this marks the company's first purchase since late August and ends a three-week pause in accumulation.
As of September 20, Strategy held a total of 846,000 Bitcoin acquired for an aggregate $63.80 billion. The company valued its reserve at approximately $68.7 billion, alongside $5.04 billion in its U.S. dollar reserve and $1.05 billion in USD cash. Additionally, Strategy repurchased 1,771,238 shares of its Series A Perpetual Stretch preferred stock for $174.0 million during the week.
The regulatory filing also highlighted a softer quarter for the company's headline yield metric, reporting a Bitcoin yield of negative 11.7% quarter-to-date and negative 3.6% year-to-date. Despite this, Strategy maintains the largest corporate treasury of Bitcoin.
Source & Fact-Check Note
https://blockchainreporter.net/strategy-buys-950-bitcoin-first-since-august/
