Strategy has added another 950 Bitcoin to its corporate treasury, putting its Bitcoin holdings within striking distance of the largest stack it has ever reported.
The company paid $75.7 million for the coins during the week ending September 20, at an average price of $79,670 per Bitcoin, including fees, according to an 8-K filing on Monday.
That purchase brings Strategy to 846,000 BTC, acquired for a total of $63.80 billion. Its average cost stands at $75,416 per coin.
The milestone is now less than 1,400 Bitcoin away. Strategy held a record 847,363 BTC on June 22, meaning the company is just 1,363 coins short of returning to its peak holdings — roughly 0.2% below the mark.
At the pace of this latest purchase, two more weeks would be enough to push the Bitcoin holdings beyond that June record.
Strategy Bitcoin holdings are rebuilding after a summer retreat
Getting back near the top has taken nearly two months. Strategy’s stash fell to 840,447 BTC on August 10, its lowest level since May, before the company resumed adding to the pile.
Since that low, it has accumulated another 5,553 Bitcoin.
There is also a notable difference between what Strategy paid for the latest coins and what it received when it sold earlier this summer. The company sold 1,690 BTC during the week ending August 9 for an average of $64,262 each.
The latest purchases therefore came at a price about $15,408 higher per Bitcoin than those sales, and roughly $4,250 above Strategy’s overall average acquisition cost.
The company has also been directing substantial cash toward its own securities. During the same week, Strategy spent $174.0 million repurchasing 1,771,238 shares of its STRC preferred stock, up from $139.3 million the previous week.
No buybacks were made for its STRF, STRK, STRD or MSTR securities during the period.
Both the Bitcoin acquisition and the preferred-stock repurchase were funded through USD Cash, a pool Management established last month for Bitcoin purchases, buybacks and broader corporate needs.
That cash balance dropped from $1.30 billion on September 13 to $1.05 billion on September 20. The $249.7 million decline almost exactly matches the two expenditures combined.
Strategy did not sell any shares through its at-the-market offering program during the week. The company had raised $333.7 million through that program in a single week in August.
It also drew $57.4 million from its USD Reserve, which supports preferred dividends and interest payments. That reserve stood at $5.04 billion after the withdrawal.
For now, the company still has room under several of its capital programs. About $875.1 million remains available under its digital credit securities repurchase program, while a separate $1 billion authorization for MSTR common stock has not been used.
The return toward a record also comes after Strategy changed a long-standing policy earlier this year. In May, the company broke with its previous refusal to sell Bitcoin and disposed of 6,948 BTC for roughly $432.5 million over the summer.
Those sales were made under a June capital framework that allows for up to $1.25 billion in Bitcoin sales. About $820 million of that capacity remains unused.
With another 950 BTC added in the latest reporting period, Strategy Bitcoin holdings are once again approaching the company’s June high — this time with a much larger share of its recent capital activity going toward both Bitcoin and its own securities.