#strategyadds1666btcholdingsreach847666 ₿ Strategy Reaches 847,666 BTC: What’s Behind the Latest Purchase?
Strategy’s September 28 filing reports the purchase of 1,665 BTC between September 21 and 27 for approximately $142.7 million.
The company paid an average of $85,681 per BTC, including fees and expenses. Its total holdings reached 847,666 BTC as of September 27, with an overall average acquisition cost of $75,437 per BTC.
The Bitcoin purchases were funded through sales of MSTR common stock. During the same period, Strategy also repurchased approximately $151.7 million of STRC preferred shares.
My take: This purchase adds identifiable corporate demand, but the financing deserves equal attention. Issuing common shares changes the ownership base, so rising total Bitcoin holdings alone cannot establish whether Bitcoin exposure per share has improved.
The preferred-share repurchases also show management allocating capital across several priorities. I’d watch Bitcoin per diluted share, cash reserves and financing terms to assess how sustainably the company can continue accumulating while meeting its obligations.
For the wider Bitcoin market, repeated purchases would provide stronger evidence of continuing demand. Their price impact still depends on selling pressure, liquidity and flows from other participants.
Which tells you more about a Bitcoin treasury company: total holdings or Bitcoin exposure per share? 👇
#strategy #bitcoin #MSTR $BTC $NMR $CRV