Strategy makes first back-to-back Bitcoin buys since June as accumulation picks up
Strategy bought 1,665 Bitcoin for $142.7 million in the week ending Sept. 27, following a 950 BTC purchase the previous week. The back-to-back acquisitions ended a three-month gap and reversed earlier quarterly sales, leaving the company with a net 1,666 BTC added in the quarter. Its holdings reached a record 847,666 BTC, acquired for about $63.9 billion. Strategy also repurchased $151.7 million of its STRC preferred shares, helping the security recover to around $99, near its $100 stated value. It has spent more than $1 billion on preferred-share repurchases and is seeking shareholder approval to pay dividends daily across its preferred securities, beginning with STRC. The company retained about $1 billion in general cash and $5 billion in a separate reserve.
