Strategy Buys $143M in Bitcoin, Holdings Hit 847,666 BTC

Michael Saylor's MicroStrategy bought 1,665 Bitcoin for $143 million, increasing its total holdings to 847,666 Bitcoin. The company sold 1.47 million MSTR shares for $246.2 million, using $142.7 million to buy Bitcoin and $103.5 million to repurchase STRC preferred stock. MicroStrategy's total reserves stand at $6.02 billion, with $1 billion in flexible USD cash.

Strategy (MSTR) acquired 1,665 BTC for $142.7M, bringing its total holdings to 847,666 BTC worth ~$70.6B. The purchase was funded by stock sales and cash reserves. MSTR stock fell 0.75% despite the news. The company also proposed daily dividends for four preferred stocks, subject to shareholder approval.

Strategy (MSTR) bought 1,665 Bitcoin for $142.7 million, raising its total to 847,666 BTC. The purchase was funded by selling 1.47 million MSTR shares, with the rest allocated to repurchasing preferred shares. MSTR's Bitcoin treasury is now valued at $72.7 billion.

Strategy (MSTR) bought $143 million worth of Bitcoin (BTC) last week, adding 1,665 BTC to its holdings. The company now owns 847,666 BTC, valued at $70.6 billion. Strategy funded the purchase through stock sales and has $6.02 billion in cash reserves. MSTR stock is down 51% over the past year.

Bitcoin (BTC) saw significant outflows from Binance, with over 13,800 BTC withdrawn on September 25, the highest since early 2023. Binance's BTC reserves dropped by 20,000 BTC in four days. Despite volatility, Bitcoin price remains near $84,000, with strong ETF inflows and institutional demand.

Strategy (MSTR) bought 1,665 Bitcoin (BTC) for $142.7M last week, funding the purchase by selling 1.47M shares. Total BTC holdings now stand at 847,666, acquired for $63.95B. The company also repurchased preferred and common shares. CEO Michael Saylor hinted at further Bitcoin purchases.