Strategy Boosts Bitcoin Holdings with $76 Million Acquisition

Summary

• Strategy acquired 950 BTC for $75.7 million, increasing total holdings to 846,000 coins.
• The firm also repurchased $174 million in preferred shares, marking its largest buyback since September.
• Cash reserves decreased from $1.30 billion to $1.05 billion, with no shares sold under the at-the-market program.

Strategy, the Bitcoin treasury firm founded by Michael Saylor, has made a significant move by purchasing 950 BTC for $75.7 million, which translates to an average price of $79,670 per coin. This acquisition, disclosed in a recent 8-K filing, brings the company's total Bitcoin holdings to 846,000 BTC, valued at approximately $63.80 billion.

This latest purchase puts Strategy just 1,363 BTC short of its previous record of 847,363 BTC set in June. If the company continues this buying trend for another two weeks, it could surpass that milestone. Strategy's current average cost for its total Bitcoin holdings stands at $75,416 per coin.

Strategy has acquired 950 $BTC and repurchased $174M of $STRC. As of 9/20/26, we hold 846,000 BTC and $6.09B of USD Assets. Michael Saylor (@saylor)

Following a summer of sales that reduced its holdings to 840,447 BTC by August 10, the firm has since added 5,553 coins back to its treasury. Notably, the average purchase price of $79,670 is considerably higher than the $64,262 average received from the sale of 1,690 BTC in early August, highlighting a strategic pivot towards accumulation.

Financially, the recent Bitcoin purchases were dwarfed by the $174 million spent on repurchasing preferred shares, which marks a significant increase from the previous week's expenditure of $139.3 million. No shares from the at-the-market program were sold during this period, despite prior successful fundraising efforts that netted $333.7 million in August.

Cash reserves allocated for these transactions have decreased to $1.05 billion, down from $1.30 billion, reflecting the funds used for the BTC purchase and share buyback. Additionally, $875.1 million remains earmarked for a digital credit securities repurchase program, while a separate $1 billion authorization for MSTR common stock remains unused.

Earlier this year, Strategy had sold 6,948 BTC for about $432.5 million, part of a broader capital framework that permits up to $1.25 billion in sales, with approximately $820 million of that capacity still available.