Strategy buys 1,665 bitcoin for $143 million as holdings reach 847,666 BTC

Strategy, the company led by Michael Saylor, said it bought 1,665 bitcoin for about $142.7 million over the past week. The purchase increased its total bitcoin holdings to 847,666 BTC. According to a filing with the US Securities and Exchange Commission, the company paid an average of $85,681 per bitcoin for the latest buy. Strategy said its total bitcoin investment now stands at $63.95 billion, with an average cost of $75,437 per coin including fees and expenses. The company funded the purchase by selling 1.47 million MSTR shares, raising $246.2 million in net proceeds. Of that amount, $142.7 million went to bitcoin purchases and $103.5 million was used to repurchase STRC preferred stock. Strategy also said it used additional cash to buy back preferred shares and reduce some cash balances tied to dividends and debt interest.