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Michael Saylor's Strategy Buys Additional 334 BTC, Holdings Reach 848,000 BTC — 4% of Total Supply

Strategy, led by Michael Saylor, has made an additional Bitcoin (BTC) purchase, raising its total holdings to 848,000 BTC. Alongside acquiring Bitcoin, the company is also managing its capital structure, including repurchasing STRC preferred shares. ## Details of the Latest Purchase According to Th

Wooil Shim
Staff Reporter
4 min read
Michael Saylor's Strategy Buys Additional 334 BTC, Holdings Reach 848,000 BTC — 4% of Total Supply
CBC News

Strategy, led by Michael Saylor, has made an additional Bitcoin (BTC) purchase, raising its total holdings to 848,000 BTC. Alongside acquiring Bitcoin, the company is also managing its capital structure, including repurchasing STRC preferred shares.

Details of the Latest Purchase According to The Block, Strategy disclosed in an 8-K filing with the U.S. Securities and Exchange Commission (SEC) that it purchased 334 Bitcoin for approximately $28.7 million between September 28 and October 4. The average acquisition price per Bitcoin in this purchase was about $85,838.80.

Cumulative Holdings Reflecting the additional purchase, Strategy's Bitcoin holdings are as follows:

  • Total holdings: 848,000 BTC
  • Total amount invested: approximately $64 billion (including fees and related costs)
  • Overall average purchase price: $75,440.70

Considering that Bitcoin's maximum supply is capped at 21 million, the amount secured by Strategy accounts for approximately 4% of the total available supply.

Applying a Bitcoin price of roughly $86,000, the value of Strategy's Bitcoin assets would be around $73 billion. Compared with the average acquisition price, this represents substantial unrealized book gains. However, the valuation could vary significantly depending on Bitcoin price movements.

Capital Structure Management: STRC Preferred Share Repurchase Strategy recently repurchased approximately 1.77 million STRC preferred shares for about $176.3 million. Of this, approximately $154.1 million was funded with cash held by the company, while about $22.2 million was covered by interest income generated from cash, cash equivalents, and short-term investment assets.

[This article does not recommend buying or selling any specific cryptocurrency or stock. Cryptocurrencies are highly volatile, and actual market movements may differ from expectations; investment decisions and any resulting gains or losses are the responsibility of the investor. AI assistance was used in writing and structuring this article.]

Wooil Shim
Staff Reporter

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