Strategy (NASDAQ: MSTR) has acquired 250 Bitcoin for $21.5 million at an average purchase price of $86,194 per coin, further expanding its already dominant corporate Bitcoin treasury.
The latest purchase was funded through proceeds from Strategy’s at-the-market offering program, with an additional $0.5 million in Bitcoin acquired using cash on hand.
Between October 5 and October 11, the company sold 125,183 shares of its Class A common stock through its ATM offering program, generating net proceeds of $21.0 million to finance the transaction.
Strategy’s total Bitcoin holdings now stand at 848,250 BTC, acquired for nearly $64 billion at an average cost of $75,444 per coin, cementing its position as the largest corporate Bitcoin treasury in the world.
With Bitcoin holdings currently valued at more than $70 billion on the open market, the company is sitting on approximately $6 billion in unrealized profit.
Alongside its Bitcoin acquisition, Strategy repurchased 1,932,145 shares of its Variable Rate Series A Perpetual Stretch Preferred Stock (NASDAQ: STRC) for $192.4 million during the same weekly period.
No shares of the company’s other preferred stock classes or its common stock were repurchased during that period, according to the official announcement dated October 12.
Strategy also reported $4.88 billion in USD reserves and $640.5 million in additional cash, bringing total USD assets to approximately $5.5 billion.
A total of $354.8 million remains available under the company’s digital credit securities repurchase program, with $1.0 billion still authorized for MSTR common stock repurchases.
The company’s at-the-market offering program retains significant dry powder, with $18.8 billion available for Class A common stock, $17.5 billion for STRC, $4.0 billion for STRD, $2.1 billion for STRK, and $1.6 billion for STRF.
Executive Chairman Michael Saylor has maintained an aggressive accumulation strategy, with Strategy also recently adding 334 Bitcoin in a prior weekly period alongside continued STRC buyback activity.
MSTR stock climbed 0.56% on Monday, extending upside momentum carried over from the prior week, as investors responded positively to the dual announcement of Bitcoin purchases and preferred stock repurchases.
