TL;DR
- Bitcoin purchase: Strategy acquired 1,665 BTC for approximately $142.7 million at an average price of $85,681 per coin, increasing total holdings to 847,666 BTC.
- Funding sources: The company sold about 1.47 million MSTR shares for $246.2 million, allocating funds to Bitcoin purchases and STRC preferred stock repurchases.
- Corporate actions: Cash balances declined following share repurchases and dividend payments, while a proposal to move preferred stocks to daily dividends awaits shareholder approval.
Michael Saylor’s Strategy added another 1,665 BTC between Sept. 21 and Sept. 27, spending approximately $142.7 million at an average price of $85,681 per coin. The latest purchase lifted Strategy’s total Bitcoin holdings to 847,666 BTC, according to a Sept. 28 filing with the US Securities and Exchange Commission. The company said it has spent about $63.95 billion acquiring its Bitcoin position at an average cost of $75,437 per BTC, including fees and expenses.
Strategy has acquired 1,665 $BTC and repurchased $152M of $STRC. As of 9/27/26, we hold 847,666 BTC and $6.02B of USD Assets. $MSTR https://t.co/h3BVtsbcBb
— Michael Saylor (@saylor) September 28, 2026
Stock Sales Fund Latest Bitcoin Purchase
The acquisition was financed primarily through common stock sales. The company sold roughly 1.47 million MSTR shares during the week, generating about $246.2 million in net proceeds. Of that amount, $142.7 million was directed toward Bitcoin purchases, with the remaining $103.5 million used for preferred stock repurchases.
The latest addition came one week after Strategy purchased 950 BTC for $75.7 million following a two-week pause in buying activity. Based on current figures disclosed by the company, Strategy now controls more than 4% of Bitcoin’s 21 million supply cap. The filing also showed that approximately $18.84 billion worth of MSTR shares remain available for issuance and sale under the company’s at-the-market program.
Preferred Share Repurchases Reduce Cash Balances
Alongside the Bitcoin purchase, Strategy repurchased about 1.53 million STRC preferred shares for $151.7 million. The company funded the transaction using $103.5 million from MSTR share sales and an additional $48.1 million from its USD Cash reserve. As of Sept. 27, Strategy’s USD Cash balance stood at $1 billion, down from $1.05 billion a week earlier. The company’s separate USD Reserve, maintained to support preferred stock dividends and debt-related obligations, declined to $5.02 billion after dividend payments totaling $22.1 million.
Dividend Proposal Marks Another Corporate Move
Beyond accumulating Bitcoin, Strategy remains focused on managing its preferred stock structure. On Friday, Strategy proposed shifting its STRC, STRD, STRF, and STRK preferred securities to a daily dividend schedule, subject to shareholder approval on Oct. 28. The proposal does not alter dividend rates and does not increase Strategy’s total regular dividend obligations. If approved, STRC would be the first security to adopt the new schedule in November, with the remaining preferred shares following in January.
