Strategy在暂停购买两周后买入950枚比特币

Strategy resumed Bitcoin purchases after a two-week suspension, spending US$75.7 million to purchase 950 BTC units.

Strategy resumed its Bitcoin purchase plan after a two-week suspension. The company spent $75.7 million to buy 950 bitcoins (BTC) and used another $174 million to buy back its STRC preferred shares.

According to a Form 8-K filing with the U.S. Securities and Exchange Commission (SEC), Strategy acquired Bitcoin at an average price of $79,670 per coin (including fees and expenses) between September 14 and September 20. The acquisition brought the company's total Bitcoin holdings to 846,000, with a cumulative total cost of US$63.8 billion, with an average cost of US$75,416 per coin.

As of the time of publication of the article, Bitcoin was trading at approximately US$84,925, which means that the market value of Strategy's Bitcoin holdings is approximately US$71.85 billion. Based on the company's reported acquisition costs, the position generated approximately $8.05 billion in unrealized gains.

Funding and Stock Performance

During this period, Strategy did not sell any shares through the "mark-to-market"(ATM) process, and its available dollar cash balance fell nearly 20% to US$1.05 billion.

Strategy's shares rose 7.4% to $165.20 in pre-market trading Monday as Bitcoin prices rose above the latest acquisition cost.

Ends the continuous empty window period and returns to the track of increasing Bitcoin holdings

最新的购买行为结束了Strategy连续两个报告期未进行新比特币 acquisitions 的局面。此前，该公司于8月底重返比特币市场，以平均每枚80,318美元的价格花费3.697亿美元购买了4,603枚比特币，持仓量从840,447枚增加至845,050枚。

与本次交易不同，当时的购买是通过Strategy的按市价普通股发行计划融资的。公司通过出售453万股MSTR股票获得了6.028亿美元的净收益，其中3.697亿美元用于购买比特币，1.518亿美元用于回购STRC股票。

随后，由于公司将更多现金导向优先证券，买入活动暂停了两周。在第一周暂停期间，公司花费1.763亿美元回购了181万股STRC股票，比特币持仓保持不变。同时，董事会将其数字信贷证券回购计划从10亿美元翻倍至20亿美元。在随后的报告期中，公司又花费1.393亿美元购买了142万股STRC股票，期间再次未购买比特币，也未通过按市价程序进行销售。

此次最新的950枚比特币购买使Strategy的持仓量回到了846,000枚，这与第二季度末报告的总数相同，当时7月和8月的比特币销售曾导致余额下降。

STRC回购规模仍大于比特币支出

Even while restarting Bitcoin accumulation, Strategy continued to buy back STRC shares. Between September 14 and September 20, the company spent approximately $174 million to purchase approximately 1.77 million STRC shares. This amount is more than double the $75.7 million allocated to Bitcoin during the same period.

STRC stands for Strategy Variable Rate Series A Perpetual Expansion Preferred Stock with a par value of US$100 per share. The company uses repurchase and dividend policies to try to get the security to trade at a price close to par.

Previously, between July 20 and September 13, the company spent approximately US$950.8 million to repurchase nearly 9.96 million STRC shares. The security recovered after falling to around $70, and broke above $99 in intraday trading earlier this month before falling back. Monday's latest buyback further pushed Strategy's STRC spending over $1 billion since the beginning of the current buyback sequence.

The company stated that buying at less than the face value of STRC $100 allows the company to write off preferred securities at less than face value and reduce future dividend claims. STRC shares rose 0.35 percent to $98.85 in pre-market trading Monday.

Following the latest transaction, Strategy retained $875.1 million in authorization lines for further preferred stock buybacks. Its separate MSTR common share repurchase program was unaffected, retaining the full $1 billion mandate.

Using existing cash, no ATM sales

Funding for the latest transaction came directly from Strategy's cash balance, as the company did not make any sales through the mark-to-market issuance process between September 14 and September 20.

Strategy使用了7570万美元的美元现金用于比特币收购，另用1.74亿美元用于STRC回购，两项交易总支出为2.497亿美元。由于没有进行ATM销售，Strategy没有发行普通股或优先股来补充报告期内使用的现金。

截至9月20日，可动用美元现金余额降至10.5亿美元，较一周前的13亿美元下降了近20%。该余额在9月7日为14.4亿美元，8月底为16.1亿美元，反复的STRC回购导致了账户资金的消耗。

Strategy将美元现金与其美元储备分开管理。现金账户可用于比特币购买、资本管理和其他企业用途，而储备主要用于支付优先股股息和未偿债务利息。在最新报告期内，由于支付了5740万美元的优先股股息和债务利息，美元储备从51亿美元降至50.4亿美元。

合计而言，截至9月20日，Strategy持有约60.9亿美元的美元资产。

Strive扩大比特币国库至26,355枚

另一家公开交易的比特币持有者也在周一披露了购买消息。Strive公司收购了1,355枚比特币，使其国库总量增至26,355枚。

此次购买紧随Strive资产负债表近期的一系列增加之后。该公司在本月初以平均每枚77,954美元的价格花费约3660万美元收购了469枚比特币，使其持仓量达到25,000枚。该交易通过其SATA优先股的收益进行融资。

Strive previously spent approximately US$143 million to purchase 1,800 bitcoins in late August, bringing its holdings to 23,156, and then further boosted the treasury total through subsequent acquisitions.

Its latest filings show that the company has 26,355 positions, allowing Strive to remain one of the largest publicly traded corporate Bitcoin holders. ASST shares rose 6.44% to $32.03 in pre-market trading Monday before the news was disclosed.