Strategy acquires 1,665 BTC, repurchases STRC shares
6.6 Investments Strategy acquired 1,665 BTC for USD $142.7M, raising holdings to 847,666 BTC. It also repurchased 1.53M STRC shares for USD $151.7M and proposed daily dividend payments.
Strategy acquired 1,665 bitcoins between September 21 and 27 for approximately USD $142.7 million, at an average price of USD $85,681 per coin. This purchase increased its total holdings to 847,666 BTC, with a cumulative cost nearing USD $64 billion. The acquisition was funded through the sale of MSTR shares and available cash reserves. In addition to the Bitcoin purchase, the company repurchased 1.53 million STRC shares for USD $151.7 million. It also proposed changes to the dividend schedule for its preferred shares, suggesting daily payments for several series, pending shareholder approval. These actions reinforce the company's treasury strategy, leveraging corporate resources to expand its Bitcoin reserves and optimize shareholder value.
