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Strategy Again Leaves Bitcoin Holdings Unchanged

Strategy (NASDAQ: $MSTR) has again left its Bitcoin (CRYPTO: $BTC) holdings unchanged as it focuses on repurchasing its preferred stock (NASDAQ: $STRC).

The serial cryptocurrency acquirer bought back 1.42 million of its preferred shares over the past week at a cost of $139.3 million U.S.

A regulatory filing with the U.S. Securities and Exchange Commission (SEC) shows that Strategy funded the stock repurchases through its cash reserve.

As of Sept. 14, the balance on the company’s cash reserve stood at $6.4 billion U.S.

Strategy did not buy or sell any Bitcoin in the past week, leaving its holdings unchanged at 845,050 BTC, worth $65.7 billion U.S., for a second straight week.

Strategy's holdings remain equivalent to about 4% of Bitcoin's total supply of 21 million tokens and implies a $2 billion U.S. paper gain for the company at current prices.

Strategy’s average purchase price of Bitcoin sits at $75,412 U.S.

Company Chairman Michael Saylor has declined to post his usual Strategy Bitcoin tracker chart update in recent weeks or comment on the company’s financial moves.

Since June of this year, Strategy has focused on building up its cash reserves and shoring up the price of its preferred stock, which pays a dividend twice per month that yields 12%.

MSTR stock has declined 60% over the last 12 months to trade at $130.97 U.S. per share.