Strategy adds 950 BTC in $76M buy, lifting total holdings to 846,000 BTC

Bitcoin has firmed up in September, bucking its typical seasonal softness, according to CoinDesk. Recent corporate disclosures show Strategy bought 950 bitcoins over the past week for nearly $76 million, its first return to net accumulation in about three weeks. The purchase pushed the company's total Bitcoin holdings to 846,000 BTC. Bitcoin climbed more than 6% over the last 24 hours, briefly nearing $86,000. Strategy shares also advanced, up nearly 9% on the day to $167. Strategy is among the largest publicly listed holders of Bitcoin, and its stock is widely treated as a high-beta proxy for the cryptocurrency's price moves. While Executive Chairman Michael Saylor has long promoted a "never sell Bitcoin" stance, the company has sold Bitcoin four times in the past four months. The report said those sales underscore the financial strain that can emerge during periods of falling Bitcoin prices. Financing via STRC remains part of the company's playbook. Strategy introduced a preferred equity funding instrument called STRC last year, offering investors regular dividend payments, with proceeds available to support additional Bitcoin purchases. With Bitcoin rebounding over the past month, Strategy has stepped back into buying, completing two recent purchases. The report also noted the company recently repurchased STRC, a move that would lower future payments to investors. Key figures - Bought last week: 950 BTC - Purchase amount: nearly $76 million - Total holdings: 846,000 BTC On market drivers, Fortune cited IG Group chief market analyst Chris Beauchamp as saying Strategy's renewed buying suggests the company sees enough underlying support to extend Bitcoin's rebound and re-enter an accumulation phase. The report also tied the latest upswing to the U.S. Treasury's increased purchases of long-dated older bonds in mid-August, with analysts arguing that renewed debate around bonds, yields and inflation has revived interest in bitcoin as an alternative asset for some investors. After the Federal Reserve raised interest rates by 25 basis points on September 16, Bitcoin briefly slipped to around $75,600 before quickly recouping losses and continuing higher. Market sentiment has pointed to reduced near-term uncertainty now that the rate decision is known, offering some support to risk assets. Source note: market commentary is largely based on IG Group analysts interviewed by Fortune, while transaction size and holdings data come from Strategy's latest disclosures.