Strategy, the Bitcoin treasury company led by Michael Saylor, has acquired an additional 334 bitcoin for approximately $28.7 million.
The purchases, made between September 28 and October 4, 2026, occurred at an average price of $85,838.80 per bitcoin, according to a Form 8-K filing with the U.S. Securities and Exchange Commission.
The latest acquisition brings Strategy’s total bitcoin holdings to a record 848,000 BTC. At current prices, those holdings are valued at roughly $73 billion.
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According to report, funding for the latest buys came from a combination of at-the-market sales of the company’s Class A common stock (MSTR) and existing U.S. dollar cash reserves.
Strategy sold roughly 92,894 MSTR shares during the period, generating about $15.7 million in net proceeds that went toward bitcoin, with the remainder drawn from cash.
During the same window, the company also continued repurchasing its preferred stock. It spent about $176 million buying back STRC shares, several times the bitcoin outlay.
The firm reported a substantial unrealized gain on its digital assets for the third quarter (Q3), estimated at $20.91 billion, and maintained significant cash and reserve balances after the transactions.
The firm returned to profitability after four consecutive quarterly losses.
The figure, often rounded to $21 billion in company communications, reflects mark-to-market accounting under which changes in the fair value of its Bitcoin holdings flow through the income statement.
Bitcoin rose approximately 43% during the quarter, lifting the carrying value of Strategy’s holdings to $70.82 billion as of September 30.
Executive Chairman Michael Saylor highlighted the results on X, noting the $21 billion gain alongside continued activity in both Bitcoin accumulation and capital returns.
As of October 4, 2026, Strategy held a record 848,000 BTC, equivalent to roughly 4% of Bitcoin’s fixed 21 million supply, acquired at an aggregate cost of about $63.97 billion, or an average of approximately $75,441 per bitcoin.
In the days following the quarter’s end, the company purchased an additional 334 BTC between October 1 and October 4 for $28.7 million, at an average price of about $85,839 including fees.
Recall that Strategy paused its weekly Bitcoin purchases for the week ending March 29, 2026. This marked the end of a 13-week consecutive buying streak that began in late December 2025, during which the company accumulated roughly 90,831 BTC.
The pause coincided with Strategy unveiling plans to raise up to $42 billion through $21 billion in Class A common stock and $21 billion in perpetual preferred shares often referred to as STRC or similar instruments.
The pause fueled short-term narratives of “cracks in demand” or caution amid Bitcoin trading below Strategy’s cost basis (creating paper losses on the stack).
Some observers viewed it as a bearish indicator or first crack in continuous corporate accumulation, though most saw it as temporary rather than a reversal of the buy forever approach.
Currently, the company has spent about $64 billion overall to build its position, for an average acquisition cost of approximately $75,441 per bitcoin, including fees and expenses. This places Strategy’s stack at more than 4 percent of Bitcoin’s fixed 21 million supply.
Strategy continues to operate as a Bitcoin treasury company while maintaining its software business. Its strategy involves accumulating Bitcoin primarily through equity raises and cash reserves, while managing preferred stock obligations and liquidity.
Its latest BTC purchase marks a continuation of Strategy’s autumn accumulation after earlier additions in September. While smaller than some prior weekly buys, it reinforces the company’s long-standing approach of treating bitcoin as its primary treasury reserve asset.
CEO Saylor has repeatedly framed these moves as part of a multi-year strategy to increase bitcoin exposure on the corporate balance sheet.
The disclosure arrives amid bitcoin trading near the levels at which the latest coins were acquired. Notably, Strategy remains the largest publicly traded corporate holder of bitcoin by a wide margin, and the steady pace of purchases continues to draw close attention from both crypto markets and traditional investors tracking MSTR as a leveraged proxy for bitcoin performance.