Strategy acquired 334 BTC between October 1 and 4 for an aggregate $28.7 million, bringing its total Bitcoin holdings to 848,000. The purchases were made at an average price of $85,838.80 per coin, marking a fresh record for the Bitcoin treasury company.
During the same period, Strategy repurchased $176.3 million of its Stretch preferred stock (STRC), including 1,033,168 shares for $102.6 million in late September and 740,634 shares for $73.7 million in early October. The company funded $154.1 million of the repurchase from its USD Cash balance and $22.2 million from interest earned on cash and short-term investments, leaving $547.2 million available in its preferred buyback program.
Strategy also sold 92,894 MSTR shares for $15.7 million in net proceeds, directing all proceeds into Bitcoin purchases alongside a $13 million draw from its USD Cash balance.
The company reported a $20.91 billion gain on digital assets for the third quarter, reflecting Bitcoin price appreciation during the period. This gain carries an associated deferred tax expense of $1.88 billion.
Strategy's average cost basis across its entire Bitcoin position is $75,440.70. The coins purchased in early October cost approximately 14% more than this average, indicating the company is accumulating Bitcoin at prices above its overall basis.
The company's dollar balances are now divided between a USD Reserve of $4.88 billion, designated for preferred dividends and debt interest, and USD Cash of $833.4 million for general purposes including Bitcoin purchases.
