Strategy boasted a $76 million increase in Bitcoin holdings, close to its June peak.

Strategy purchased 950 units of the Bitcoin in the week ending September 20 at a total cost of $75.7 million, with an average purchase price including fees of $796,670 per unit. According to Monday's filed 8-K document, the company's total holdings of the Bitcoin rose to 846,000 units, just one step away from its all-time record high. At the same time, it acquired back its STRC preferred stock for $174 million, making it the largest single weekly buyback since early September.

Holdings near record highs

After the completion of this round, Strategy's Bitcoin holdings reached 846,000 units for a cumulative investment of $63.8 billion at an average cost of $75,416 per unit. According to BitcoinTreasuries, the company's previous holding record set on June 22 was 847,363 units and is now only 1,633, about 0.2% short of that number.

It took two months to return to record highs. The summer sell-off operation reduced the holding on August 10 to 840,447, its lowest level since May, after which the company bought back a cumulative total of 5,553 units.

Notably, the median price of $79,670 for this week is $15,408 higher than the August 9 sale of 1690 units at Bitcoin which sold for $64,262, and about $4,250 more than the company's overall weighted cost.

Stock repurchases outstripped currency spending

Strategy spent more than half of its cash outlay this week on repurchasing preferred shares. The company invested $174 million to buy back 177,1238 STRC Preferred Shares, up from the previous week's $139.3 million, while neither STRF, STRK , nor STRD or MSTR common stock was bought back.

The funds for both expenditures came from the USD Cash pool, which was set up by management last month to be used for Bitcoin purchases, share repurchases and general corporate purposes. As of September 20, the balance in that pool decreased to $1.05 billion from $1.3 billion a week earlier, with a reduction of $249.7 million almost entirely matching those two expenses.

Financing channels not yet open

During the reporting period, Strategy did not sell any shares through its market augmentation (ATM) program and raised $333.7 million via that channel in August alone. Additionally, $57.4 million flowed out of USD Reserve accounts used to pay preferred stock dividends and interest, bringing the balance down to $5.04 billion.

Approximately $875.1 million is still available under the Digital Credit Securities Repurchase Program, while a $1 billion authorization for MSTR common stock has not yet been used.

Looking back, Strategy broke its long-standing unsold position in May and sold 6,948 units of the Bitcoin over the summer for about $432.5 million. The capital framework announced in June allows a cap on sales of up to $1.25 billion with some $820 million still unused.