Strategy buys 1,665 Bitcoin for $143M as BTC stack hits 847,666
Strategy bought 1,665 Bitcoin for $142.7 million last week at an average price of $85,681 per coin, bringing total holdings to 847,666 BTC. The company has now spent $63.95 billion on Bitcoin overall, with an average cost of $75,437 per BTC including fees and expenses. The purchase was funded through sales of 1.47 million MSTR shares, which raised $246.2 million in net proceeds. Of that amount, $142.7 million went to Bitcoin purchases and $103.5 million went to repurchasing STRC preferred stock. Strategy also repurchased 1.53 million STRC shares for $151.7 million, using an additional $48.1 million from its cash reserves. Its USD cash balance fell to $1 billion, while its separate reserve for preferred dividends and debt interest declined to $5.02 billion after dividend payments.
