Michael Saylor's Bitcoin treasury company, Strategy (MSTR), purchased $82 million worth of Bitcoin in the past week, according to the firm.
The company bought 1,036 BTC at an average purchase price of $79,012 per coin, bringing its total holdings to 850,364 BTC. Strategy's holdings are currently worth $63.6 billion.
Purchase follows summer sales
Strategy resumed Bitcoin purchases in late August after spending the summer conducting its first Bitcoin sales since 2022. Those sales generated controversy across the crypto sector and took place under the company's newly introduced BTC monetization program, designed to bolster Strategy's cash reserves and support dividend payments.
The summer sales marked a shift for the firm after Saylor, Strategy's chairman, spent years encouraging investors to "never sell" their BTC. Saylor now says that message referred to his personal wallet.
"When I say 'Never Sell Your Bitcoin,' I speak as one saver to another. I have never sold mine. Not one satoshi. Strategy is a public company, not my wallet. Since 2020, it has disclosed it may buy or sell BTC to manage capital. Our shared conviction in Bitcoin remains unchanged," he said.
Preferred stock repurchase
On Monday, Saylor also noted that the firm repurchased $188 million worth of STRC, its perpetual preferred stock that pays 12.00% annual dividends. STRC is designed to have a par value of around $100 and is currently trading at $99.98.
Strategy was the first public company to adopt Bitcoin as its sole treasury reserve asset and remains the world's largest corporate BTC holder by a wide margin.
Bitcoin price
Bitcoin is trading at $74,811 at time of writing. The top-ranked crypto asset by market cap is down nearly 1.5% in the past 24 hours, nearly 3% in the past week and nearly 10% in the past month, per data from CoinGecko.
