Strategy and Strive expand corporate treasuries with fresh bitcoin purchases totaling over $230 million

Sources · 13 sources

1. CT

   Coin TelegraphArticle · Sep 28

   Strategy buys 1,665 Bitcoin for $143M as BTC stack hits 847,666 Strategy sold 1.47 million MSTR shares for $246.2 million, using the proceeds for Bitcoin purchases and STRC preferred stock repurchases.

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2. WB

   Wu Blockchain@WuBlockchainPost on X · Sep 28

   Strategy Acquires 1,665 BTC and Repurchases $152M of STRC Strategy acquired 1,665 BTC for approximately $142.7 million between September 21 and 27 and repurchased 1,534,530 shares of STRC for approximately $151.7 million. During the same period, the company raised approximately $246.2 million in net proceeds through the sale of 1.47 million MSTR shares via its ATM program, while issuing no preferred stock. As of September 27, Strategy held 847,666 BTC acquired for approximately $63.95 billion at an average price of $75,437 per BTC, along with $6.02 billion in USD assets.

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3. CR

   Crypto Rover@cryptoroverPost on X · Sep 28

   JUST IN: Michael Saylor's Strategy $MSTR buys 1,666 Bitcoin worth $138 million. They now hold a total of 847,666 $BTC. https://t.co/OAnsiFcDiK

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4. DE

   DecryptArticle · Sep 28

   Strive Buys $94.5 Million in Bitcoin, Pushing Holdings Past 27,000 BTC Strive bought 1,107 BTC for $94.5 million last week, lifting its holdings to 27,462 BTC, with its SATA preferred stock supplying 85% of the capital.

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5. TB

   The Block@TheBlockCoPost on X · Sep 28

   THE BLOCK: Strive $ASST bought 1,107 bitcoin for $94.5 million at an average $85,396 per bitcoin:native, CEO Matt Cole said. The purchase brings Strive's total holdings to 27,462 BTC. https://t.co/4nQ3XWEiok

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6. CB

   Crypto BriefingArticle · Sep 28

   Strategy and Strive acquire $232M in Bitcoin, adding 2,773 BTC to corporate treasuries Corporate Bitcoin acquisitions signal a shift towards digital assets as strategic treasury tools, potentially influencing future financial norms. The post Strategy and Strive acquire $232M in Bitcoin, adding 2,773 BTC to corporate treasuries appeared first on Crypto Briefing .

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7. UN

   UnchainedArticle · Sep 28

   Strategy Holds More Bitcoin Than Before Its Summer Sales After Two Straight Weekly Buys Strategy now owns more bitcoin than it did before it started selling coins in late June. The company disclosed in a Form 8-K on Monday that it bought 1,665 BTC for $142.7 million between Sept. 21 and Sept. 27, at an average of $85,681 a coin including fees, its second purchase in as many weeks. The buy lifted holdings to 847,666 BTC , just above the 847,363 BTC Strategy reported as of June 21. Between June 29 and Aug. 9, the company sold a combined 6,916 BTC , according to filings on July 6 , Aug. 3 and Aug. 10 . It used the proceeds to fund preferred dividends, refill its dividend reserve and buy back its STRC preferred stock. The full stack cost $63.95 billion , or $75,437 a coin on average, and last week’s average purchase price was about 14% above that level. Get Unchained’s crypto news in your inbox with the free Unchained Daily newsletter . Stock Sales Resume Last week’s bitcoin was paid for with Strategy’s MSTR Class A shares, sold through its at-the-market program. The company sold 1,469,165 shares for $246.2 million in net proceeds and split the money two ways: $142.7 million for bitcoin and $103.5 million to repurchase STRC. Strategy had not sold MSTR since the week of Aug. 24 to Aug. 30, when it raised $602.8 million and put $369.7 million of it toward 4,603 BTC , its first purchase since June. It bought nothing in the next two weeks, then added 950 BTC for $75.7 million in the Sept. 14 to Sept. 20 period, paying from its USD Cash account. STRC Buybacks Near Par The STRC repurchases covered 1,534,530 shares for $151.7 million , about $98.86 a share. That compares with roughly $98.24 the week before and $97.36 in the week ended Sept. 7. Management has said it will recommend that the board keep STRC’s dividend at 12% a year “until STRC has demonstrated sustained, healthy trading near $100 per share.” Strategy also drew $48.1 million from USD Cash for the buybacks, leaving $723.5 million of a repurchase authorization it doubled to $2 billion this month. USD Cash ended the week at $1.00 billion , down from $1.59 billion when Strategy set up the account in late August. Strategy on Friday asked shareholders to approve daily dividends on STRC and three other preferred stocks at an Oct. 28 special meeting. Related Listen: Strategy Sold More Bitcoin. Is This a Betrayal of the Bitcoin Ethos? The post Strategy Holds More Bitcoin Than Before Its Summer Sales After Two Straight Weekly Buys appeared first on Unchained .

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8. CB

   Coin Bureau@coinbureauPost on X · Sep 28

   🔥UPDATE: Public companies Strategy and Strive just SCOOPED UP another $232 MILLION in Bitcoin. Michael Saylor’s Strategy bought 1,666 BTC worth $138 MILLION. Strive also added 1,107 BTC last week at an average price of $85,396, bringing its total holdings to 27,462 BTC. Together, the two companies added 2,773 BTC.

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9. TM

   That Martini Guy ₿@MartiniGuyYTPost on X · Sep 28

   Strive just bought another 1,107 BTC for roughly $94.5M. Average purchase price: $85,396 per Bitcoin. That takes Strive’s total Bitcoin holdings to 27,462 BTC. Institutions continue to stack Bitcoin. https://t.co/HD8XVPt0A7

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10. TB

    The BlockArticle · Sep 28

    Strive pushes bitcoin holdings above 27,400 BTC with latest $94.5 million purchase SATA supplied 85% of Strive’s latest capital as its bitcoin holdings climbed to 27,462 BTC.

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11. CO

    CoinMarketCap@CoinMarketCapPost on X · Sep 28

    LATEST: 💰 Strive bought an additional 1,107 Bitcoin at an average price of ~$85,396, bringing its total holdings to 27,462 BTC. https://t.co/UCcXUbEVuO

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12. TB

    The Block@TheBlockCoPost on X · Sep 28

    THE BLOCK: Strategy $MSTR acquired 1,665 bitcoin:native for $142.7 million at an average price of $85,681, bringing its total holdings to 847,666 BTC. The company also repurchased 1.53 million STRC shares for $151.7 million last week. https://t.co/5EqXdmi5Ov

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13. CR

    CryptoSlateArticle · Sep 28

    Strategy makes first back-to-back Bitcoin buys since June as accumulation picks up Michael Saylor-led Strategy (formerly MicroStrategy) has made back-to-back weekly Bitcoin purchases for the first time since June, rebuilding its holdings after selling some of the cryptocurrency earlier this quarter. On Sept. 28, the company said it acquired 1,665 Bitcoin for $142.7 million during the week ended Sept. 27, paying an average of $85,681 per token. That followed a purchase of 950 BTC for $75.7 million the previous week, ending a three-month stretch without consecutive weekly acquisitions. The latest purchase was about 75% larger than the prior week's buy, pointing to a pickup in accumulation after months in which Strategy alternated between purchases, pauses and occasional sales. Strategy Bitcoin holdings reach new ATH Those sales had pushed Strategy's quarterly Bitcoin accumulation into negative territory. The two latest purchases have reversed that decline, leaving the company with a net 1,666 BTC added during the third quarter with three trading days remaining. Bitcoin analyst Mark Harvey said Strategy has now repurchased all the Bitcoin it sold during the quarter and added more, extending its streak of consecutive quarters with net Bitcoin growth to 24. The renewed buying has lifted Strategy's holdings to a record 847,666 BTC, acquired for about $63.9 billion at an average price of $75,437. The company has acquired 175,166 BTC so far this year. Strategy’s Bitcoin holdings grew from 38,250 BTC in September 2020 to 847,666 BTC by Sept. 28, 2026 At a current value of about $70.7 billion, the holdings carry an unrealized gain of roughly $6.75 billion, or 10.6%, over Strategy's aggregate purchase cost. Meanwhile, Strategy's performance metrics show a -3.7% Bitcoin yield year-to-date and a negative BTC Gain of 25,085 BTC, equivalent to about -$2.1 billion at the prices used in its reporting. Its quarterly BTC Gain stands at -100,275, valued at about -$8.37 billion. Strategy financed the latest acquisitions through its at-the-market common-stock program. The company sold about 1.47 million MSTR shares last week for $246.2 million in net proceeds, leaving another $18.84 billion of issuance capacity under the program. MSTR analyst Zaid had expected Strategy to spend between $250 million and $300 million on Bitcoin during the week, roughly twice the amount ultimately deployed. He said the lower purchase reflected management's decision to direct capital elsewhere rather than relying more heavily on the company's cash position. That other destination was STRC. Related Reading Strategy sells $395 million in Bitcoin and MSTR stock to buyback $81 million in STRC and build cash reserve to $4 billion Strategy steps up support for STRC Strategy repurchased about 1.53 million shares of its Variable Rate Series A Perpetual Stretch preferred stock for $151.7 million last week, slightly more than the $142.7 million it spent buying Bitcoin. The company funded the STRC repurchases with $103.5 million from MSTR share sales and another $48.1 million from its USD Cash balance. It separately used $22.1 million from its USD Reserve to meet preferred-stock dividend obligations. That left Strategy with about $1 billion of general-purpose cash and $5 billion in its separate USD Reserve as of Sept. 27. Zaid estimated last week's STRC repurchases accounted for about 18.9% of the security's total trading volume, down from 22.8% a week earlier. He described the decline as a modest improvement because Strategy needed to absorb a smaller share of market selling to support the instrument. The intervention appears to be helping. STRC has climbed to about $99, bringing it close to its $100 stated value after months of trading below that level. The preferred security has struggled to hold par since May and fell as low as about $71 during Bitcoin's June selloff. Strategy has since spent more than $1 billion repurchasing preferred shares under a $2 billion program as it seeks to stabilize the instrument. STRC currently pays a 12% annual dividend, and it increased its payment frequency from monthly to twice monthly in June. Strategy is now proposing another change to make the security more attractive to income investors. The company has scheduled an Oct. 28 special shareholder meeting to seek approval for daily dividend payments across its four US-listed preferred securities, including STRC, STRF, STRK and STRD. Under the proposal , STRC would be the first to switch, with its initial daily-schedule payment expected Nov. 2 for holders of record on Nov. 1. Daily accruals could reduce the time investors wait to receive and reinvest income while smoothing the price distortions that can build around less frequent dividend dates. Strategy has said keeping STRC trading near $100 is one objective of the proposed structure. That leaves two indicators to watch as the quarter closes. Strategy has resumed consecutive Bitcoin buying with significant cash and equity issuance capacity still available, while STRC has recovered to within about 1% of its stated value after months of support. The next disclosures will show whether management extends its Bitcoin buying streak into a third week and whether the combination of repurchases and proposed daily dividends can finally push STRC back to par without requiring Strategy to absorb such a large share of its trading volume. The post Strategy makes first back-to-back Bitcoin buys since June as accumulation picks up appeared first on CryptoSlate .

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14. BM

    Bitcoin Magazine@BitcoinMagazinePost on X · Sep 28

    JUST IN: Public companies Strategy and Strive bought a combined 2,773 Bitcoin worth $232.5 million. Strategy: 1,666 BTC Strive: 1,107 BTC https://t.co/UNoUsxbaju

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