After changing its name, Strategy Inc (NASDAQ code: MSTR) continues to pursue its crypto-asset strategy! According to the latest Form 8-K filed with the U.S. SEC, last week the company bought 950 BTC for $75.7 million, with the average cost hovering near $80,000, bringing its total holdings to an astonishing 846,000 BTC. In addition, the company also deployed $174 million in cash to repurchase preferred shares. (Background: Crypto stocks reverse and bounce! Strategy jumps 13%, SEC/CFTC follows through with rulemaking) (Additional context: Strategy pauses buying Bitcoin for STRC repurchases! The repurchase plan doubles to $2 billion, dividend yield 12%) Strategy Inc (formerly MicroStrategy, NASDAQ code: MSTR), the largest publicly listed Bitcoin holding company, remains firmly committed to its Bitcoin (BTC) reserve strategy. Based on the company’s latest Form 8-K filed with the U.S. Securities and Exchange Commission (SEC) on September 21, Strategy Inc made another move last week, pursuing asset allocation and capital-structure management in tandem. With the average price nearing $80,000, the report states that during September 14–20, 2026, Strategy Inc used $75.7 million in cash (USD Cash) to purchase 950 bitcoins. The average purchase price for this additional lot was about $79,670 per coin. As of September 20, the company’s total Bitcoin holdings had reached an astonishing 846,000 BTC. The cumulative purchase cost of these bitcoins totals $63.8 billion, and the overall average holding cost is $75,416 per coin. The massive reserve once again cements Strategy Inc’s unshakable position as the “largest publicly listed Bitcoin whale.” Repurchases of preferred shares for $174 million, with ample cash reserves In addition to buying Bitcoin, Strategy Inc also took major actions in the capital markets last week. The filing shows that, during the period, the company did not sell any common stock through an ATM (at-the-market) mechanism. Instead, it used $174 million in cash to repurchase some variable-rate preferred shares (ticker: STRC). At present, the remaining authorization under its repurchase plan for digital credit securities (preferred shares) is still $875.1 million, and the repurchase authorization for MSTR common stock also has $1.0 billion remaining. On liquidity levels, Strategy Inc continues to maintain ample liquidity. As of September 20, its “USD Reserve” account—set aside to pay dividends and debt interest—had a balance of $5.04 billion, while its “USD Cash” account—used for Bitcoin purchases, capital management, and reserve top-ups—stood at $1.05 billion. Related coverage Strategy CEO: Selling Bitcoin for $60k and buying back at $80k “is the right move”—the key is the cost of funds Strategy resumes buying Bitcoin! Last week it spent $370 million to add 4,603 BTC, bringing total holdings above 845,000 Strategy has cash but doesn’t buy Bitcoin! Sells shares to raise $2 billion, sets up a $1.59 billion USD Cash pool Michael Saylor: I used ChatGPT to design a preferred-share structure—Strategy finances $15 billion via AI “Strategy buys another 950 BTC! Total holdings reach 846,000, repurchases $174 million of STRC preferred shares.” This article was first published on BlockTempo (BlockTempo, the most influential blockchain news media).