Strategy has boosted its Bitcoin holdings to a new record, acquiring 1,665 BTC for $142.7 million last week and reclaiming its spot as the public company with the largest Bitcoin treasury. The company’s latest filing with the Securities and Exchange Commission confirms its reserves have reached 847,666 BTC, exceeding previous highs set before its recent portfolio adjustments.
Record Bitcoin accumulation
The recent acquisition raised Strategy’s Bitcoin balance above its previous peak of 847,363 BTC recorded in June. Led by Michael Saylor, the firm paid an average price of $85,681 per Bitcoin in the most recent purchase, following a brief period during which it sold some of its cryptocurrency reserves to manage its financial position. Strategy resumed buying activity in August, further demonstrating its ongoing commitment to Bitcoin accumulation.
Overall, the company has invested $63.95 billion to amass its current Bitcoin portfolio, at an average acquisition cost of $75,437 per BTC. Based on market prices of approximately $83,400 per Bitcoin at the time of the latest filing, the total value of Strategy’s Bitcoin holdings stands at roughly $70.6 billion—about $6.6 billion above the cumulative cost basis.
Strategy funded the recent Bitcoin purchase by raising $246.2 million through the sale of 1,469,165 MSTR shares via its at-the-market program. Of this, $142.7 million was allocated to buying Bitcoin, while $103.5 million supported the repurchase of preferred stock.
Strategy’s Bitcoin stash now totals 847,666 BTC, the highest amount ever held by a public company, following purchases at an average price of $85,681 per Bitcoin, pushing its overall investment to $63.95 billion.
Preferred stock buyback and financial updates
In addition to the Bitcoin acquisition, Strategy spent $151.7 million repurchasing 1,534,530 shares of its Variable Rate Series A Perpetual Stretch Preferred stock (STRC). Funding for this buyback included $103.5 million from MSTR equity sales and $48.1 million from the firm’s USD cash balance. The intent is to help restore STRC’s market value toward its $100 par level, a threshold the security has not consistently maintained.
Following these transactions, Strategy’s USD cash position dropped to $1 billion. The company’s USD Reserve decreased to $5.02 billion after accounting for $22.1 million in preferred dividends, while $723.5 million remains available under its digital credit securities repurchase program.
Dividend policy proposal
Strategy is also advancing measures aimed at stabilizing its preferred securities. On September 25, the company proposed shifting STRC, along with STRD, STRF, and STRK, to a daily dividend schedule. Common shareholders will vote on October 28 to approve the change. If passed, STRC will transition to daily payments starting November 2, with no modifications to coupon rates or overall dividend obligations. Preferred shareholders do not participate in this vote.
Strategy’s move to introduce daily dividends for preferred shares aims to strengthen stability, with the first daily payouts for STRC potentially starting as early as November 2 if approved by common stockholders.
Broader ecosystem trends: Meme token activity surges
As large entities like Strategy pursue high-profile Bitcoin acquisitions, the cryptocurrency landscape continues to see marked activity in meme token markets. In these fast-moving segments, technical analysis and market monitoring are vital as influence shifts rapidly due to online trends. For instance, Fomo App recently shared data highlighting a trade in the “Niu Lai” token, where an initial investment of $99 ballooned to approximately $370,000. This example underscores the importance of tracking not just prices but also the investment timing and token selection.
Fomo App is designed to support such strategies by providing an integrated platform for meme token discovery and trading. Its features, including social feeds, investor rankings, and trade notifications, aim to give users timely insight into dynamic investor activity. This may aid in capturing new opportunities as speculative trends unfold rapidly across the crypto sector.
