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FIGR_HELOC $1.00 Strategy buys 1,665 BTC as treasury reaches 847,666 coins
The company funded part of the purchase with MSTR share sale proceeds and also repurchased $152 million of STRC preferred stock.
The short answer
Strategy acquired 1,665 BTC between Sept. 21 and Sept. 27 at an average price of $85,681, lifting its holdings to 847,666 BTC, according to its Sept. 28 Form 8-K. The company sold 1,469,165 MSTR shares for $246.2 million in net proceeds and used part of that cash plus $48.1 million of existing funds to repurchase STRC preferred stock.
What happened
Strategy acquired 1,665 BTC between Sept. 21 and Sept. 27 at an average price of $85,681 per coin, fees and expenses included. The purchase pushed the company's holdings to 847,666 BTC, the firm said in a Sept. 28 Form 8-K. Michael Saylor, the co-founder and former CEO, had hinted at the buy on X a day earlier.
It is the second weekly purchase in a row. The prior week's buy covered 950 BTC, acquired between Sept. 14 and Sept. 20 for about $75.7 million at an average price of $79,670. CryptoPotato reported that Strategy had taken a three-week pause from the end of August until the previous Monday.
Strategy paid for the bitcoin partly with equity. It sold 1,469,165 MSTR common shares for $246.2 million in net proceeds. Of that total, $142.7 million funded bitcoin purchases and $103.5 million went toward repurchasing STRC, its variable-rate preferred stock.
The company also repurchased 1,534,530 STRC shares for $151.7 million, adding $48.1 million of existing cash to the stock-sale proceeds. Strategy said $723.5 million remains available under its preferred securities repurchase program.
Why it matters
The treasury's 847,666 BTC were accumulated for approximately $63.95 billion, an average cost of $75,437 per bitcoin. CryptoPotato put the current value of the stash at more than $70 billion.
Bitcoin traded at $83,111 at press time, below the $85,681 average price of the new purchase. CryptoPotato noted that Strategy sold at prices of well under $65,000 over the summer, while its recent acquisitions came in at $80,000 or above.
The company is now buying bitcoin and retiring its own securities in the same week. CryptoPotato reported that Strategy has mostly offset the sales it completed during the summer.
What the data shows
- Holdings: 847,666 BTC, bought for approximately $63.95 billion at an average cost of $75,437 per bitcoin.
- USD assets stood at $6.02 billion as of Sept. 27, 2026, the company said.
- That includes a $5.02 billion reserve for preferred dividends and debt interest plus $1 billion for broader treasury purposes.
- Strategy spent $22.1 million from its reserve on preferred dividends during the week.
- STRC stock hovered at around $98.50 after recovering from a dip to $75 during the summer.
Questions readers ask
How much bitcoin does Strategy hold?
Strategy holds 847,666 BTC, accumulated for approximately $63.95 billion at an average cost of $75,437 per bitcoin.
How much did Strategy pay for its latest bitcoin purchase?
It bought 1,665 BTC between Sept. 21 and Sept. 27 at an average price of $85,681 per coin. The prior week's purchase of 950 BTC came at an average price of $79,670.
How did Strategy fund the bitcoin purchase and the STRC buyback?
The company sold 1,469,165 MSTR shares for $246.2 million in net proceeds, directing $142.7 million to bitcoin and $103.5 million to STRC repurchases. It also repurchased 1,534,530 STRC shares for $151.7 million using $48.1 million of existing cash.
What was bitcoin's price when Strategy announced the purchase?
BTC traded at $83,111 per unit at press time, according to Bitcoin.com News. That is below the $85,681 average price Strategy paid for the new coins.
Sources
- 1 CoinpediaStrategy Acquires 1,665 BTC and Repurchases $152 Million of STRC · 28 Sep, 12:02 UTC
- 2 CryptoPotatoSaylor’s Strategy Buys Another 1,665 BTC in Second Consecutive Weekly Purchase · 28 Sep, 12:06 UTC
- 3 The Block‘Even more orange’: Strategy buys 1,665 bitcoin for $143 million as total holdings reach 8... · 28 Sep, 12:11 UTC
- 4 Bitcoin.com NewsStrategy Buys 1,665 More Bitcoin as Its BTC Treasury Hits 847,666 · 28 Sep, 12:11 UTC
- 5 CointelegraphStrategy buys 1,665 Bitcoin for $143M as BTC stack hits 847,666 · 28 Sep, 12:38 UTC
