--- title: "Strategy Reveals $75.7M Bitcoin Purchase, Adds 950 BTC" date: 2026-09-21 author: "Kelvin Scott" featured_image: "https://coinlaw.io/wp-content/uploads/2026/09/strategy-950-bitcoin-buy.jpg" categories: - name: "Cryptocurrency" url: "/crypto.md" tags: - name: "News" url: "/tag/news.md" --- # Strategy Reveals $75.7M Bitcoin Purchase, Adds 950 BTC Strategy Inc bought 950 bitcoin for $75.7 million during the week of September 14 to September 20, 2026, a Securities and Exchange Commission filing disclosed on September 21. ## Key Takeaways - Strategy purchased 950 bitcoin for $75.7 million at an average price of $79,670 during the week ending September 20, 2026. - Aggregate bitcoin holdings climbed to 846,000 coins, acquired for $63.80 billion at an average cost of $75,416 per bitcoin. - STRC preferred stock buybacks rose to $174.0 million for 1,771,238 shares, up from $139.3 million the prior week. - USD Cash, the company’s flexible reserve, fell to $1.05 billion after funding both the bitcoin purchase and the STRC buyback. - Strategy’s at-the-market equity program sold zero shares of common stock during the week, leaving both outlays funded entirely from cash on hand. ## What Happened? Strategy Inc, the bitcoin treasury company formerly known as MicroStrategy, filed the update as a [Form 8-K](https://www.sec.gov/ix?doc=/Archives/edgar/data/1050446/000119312526396093/mstr-20260914.htm). The report breaks out bitcoin purchases, preferred and common stock repurchases, and cash reserve balances for the period. Only one of Strategy’s four preferred stock classes saw repurchase activity. The Variable Rate Series A Perpetual Stretch Preferred Stock, known as STRC, absorbed all of the buyback spending. Strategy said it “**used $174.0 million of USD Cash to fund repurchases of STRC Stock.**” Shares of STRF, STRK, and STRD preferred stock, along with MSTR common stock, saw no buybacks. Roughly $875.1 million remains available under the digital credit securities repurchase program, and $1.0 billion remains untouched under the separate MSTR buyback authorization. > Strategy has acquired 950 [$BTC](https://x.com/search?q=%24BTC&src=ctag&ref_src=twsrc%5Etfw) and repurchased $174M of [$STRC](https://x.com/search?q=%24STRC&src=ctag&ref_src=twsrc%5Etfw). As of 9/20/26, we hold 846,000 BTC and $6.09B of USD Assets. [$MSTR](https://x.com/search?q=%24MSTR&src=ctag&ref_src=twsrc%5Etfw) > > — Michael Saylor (@saylor) [September 21, 2026](https://x.com/saylor/status/2102005566973301018?ref_src=twsrc%5Etfw) ## Cash Reserves Under Pressure Buyback spending accelerated week over week even as the bitcoin purchase itself stayed modest. STRC repurchases rose from **$139.3 million to $174.0 million**, according to Strategy’s two most recent 8-K filings. [USD Cash](https://coinlaw.io/strategy-usd-cash-2-billion-atm-fund/), the pool Strategy draws on for bitcoin purchases and buybacks outside its dedicated dividend and interest reserve, fell from $1.30 billion to $1.05 billion in a single week. The bitcoin purchase and the STRC buyback together account for nearly the entire drop. Separately, the USD Reserve slipped from $5.10 billion to $5.04 billion after Strategy used $57.4 million of it to cover preferred dividends and note interest. ## The Bottom Line The numbers point to a buyback program funded from the same pool used to buy bitcoin, not from fresh equity. Strategy’s **at-the-market program** sold no shares during the period, so neither the bitcoin purchase nor the preferred stock repurchase drew on new stock issuance. That leaves USD Cash carrying both obligations, and the pool has thinned by close to a fifth in one week. A shrinking cash pool does not by itself signal distress. [Strategy](https://coinlaw.io/microstrategy-statistics/) still holds a $5.04 billion USD Reserve set aside specifically for preferred dividends and note interest, kept separate from the cash used for buybacks and bitcoin. But the pace of STRC repurchases, now $174.0 million against a thinner pool of deployable cash, raises the question of how many more weeks the company can fund both priorities before turning back to equity or debt markets.