Key Takeaways
- • Strategy reported total bitcoin holdings of 848,000 BTC with an aggregate acquisition cost of $63.97 billion, according to the company's latest disclosure.
- • Strategy forecasts a $20.9 billion digital-asset gain for Q3, with its bitcoin carrying value at $70.82 billion as of September 30.
- • The latest purchase added approximately 333 BTC at an average price of $85,839 per coin, close to bitcoin's trading level of around $86,000 at the time.
- • The acquisition was funded partly by selling 92,894 MSTR shares for roughly $15.7 million, with $13 million drawn from USD cash reserves.
- • Strategy reported $4.88 billion in USD reserves and $833.4 million in cash at the reporting date, while allocating $154.1 million to preferred stock repurchases and $142.5 million to preferred dividends and debt service.
Summary
Strategy, the bitcoin treasury company led by Michael Saylor, has expanded its digital-asset portfolio to 848,000 BTC, as disclosed in its latest SEC filing. The reported aggregate acquisition cost of the holdings is $63.97 billion. The carrying value of the bitcoin on the balance sheet reached $70.82 billion as of September 30, and the company forecasts a $20.9 billion digital-asset gain for the third quarter.
The latest purchase consisted of approximately 333 BTC acquired at an average price of $85,839 per coin, broadly in line with bitcoin's market price of around $86,000 during the period. Strategy funded the acquisition through the sale of 92,894 MSTR shares, generating approximately $15.7 million, and $13 million from its USD cash reserves. The approach reflects the company's practice of using its own equity securities to add bitcoin exposure.
Beyond bitcoin purchases, Strategy allocated $154.1 million toward preferred stock repurchases and $142.5 million toward preferred dividends and debt service. At the reporting date, the company held $4.88 billion in USD reserves and $833.4 million in cash, which provides liquidity for continued bitcoin accumulation while it meets existing obligations.
Market reaction to the disclosure was positive. MSTR shares rose 2.4% in pre-market trading, and retail sentiment on Stocktwits was bullish around the company's bitcoin treasury holdings.
The latest purchase consisted of approximately 333 BTC acquired at an average price of $85,839 per coin, broadly in line with bitcoin's market price of around $86,000 during the period. Strategy funded the acquisition through the sale of 92,894 MSTR shares, generating approximately $15.7 million, and $13 million from its USD cash reserves. The approach reflects the company's practice of using its own equity securities to add bitcoin exposure.
Beyond bitcoin purchases, Strategy allocated $154.1 million toward preferred stock repurchases and $142.5 million toward preferred dividends and debt service. At the reporting date, the company held $4.88 billion in USD reserves and $833.4 million in cash, which provides liquidity for continued bitcoin accumulation while it meets existing obligations.
Market reaction to the disclosure was positive. MSTR shares rose 2.4% in pre-market trading, and retail sentiment on Stocktwits was bullish around the company's bitcoin treasury holdings.
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