TL;DR
- Strategy acquired 334 BTC for approximately $28.7 million at an average price of $85,838.80 per bitcoin between September 28 and October 4.
- The company now holds 848,000 BTC, its all-time high, valued at around $73 billion with a gain of approximately $9 billion.
- The purchases were financed through sales of Class A common shares, MSTR, and cash reserves.
Strategy expanded its treasury with the purchase of 334 BTC for approximately $28.7 million between September 28 and October 4, 2026, at an average price of $85,838.80 per unit.
The transaction was recorded in a Form 8-K filed with the Securities and Exchange Commission, and was confirmed by Michael Saylor, co-founder and executive chairman of the firm.
Strategy reports a $21 billion gain on digital assets in Q3 2026. Last week, we acquired 334 $BTC and repurchased $176M of $STRC. As of 10/4/26, we hold 848,000 BTC and $5.7B of USD Assets. $MSTR https://t.co/jvwiJahdMm
— Michael Saylor (@saylor) October 5, 2026
With this acquisition, Strategy raises its total holdings to 848,000 BTC, the highest level in the company’s history. The total accumulated cost is around $64 billion, including fees and expenses, at an average price of $75,440.70 per bitcoin. At current market value, that inventory is equivalent to approximately $73 billion, implying a paper gain of roughly $9 billion. In terms of proportion, the firm controls more than 4% of the maximum supply of 21 million bitcoins.
Strategy: More Orange Than Ever
The operation was financed through a combination of sources. The company sold 92,894 MSTR shares the previous week for approximately $15.7 million. As of October 4, $18.8 billion in shares remained available under that program. The difference, approximately $13 million, was covered using the firm’s dollar cash reserves. That fund, called USD Cash, closed the period with a balance of $833.4 million, while its USD Reserve stands at around $4.88 billion.
During the same period, Strategy repurchased 1.77 million STRC preferred shares for around $176.3 million. Of that amount, $154.1 million came from the USD Cash reserve and $22.2 million from interest generated by short-term investments. In addition, $142.5 million from the USD Reserve was allocated to dividends on preferred shares and interest on outstanding debt.
Saylor posted on X his usual acquisition tracking chart with the message “More orange than ever“, a signal that on previous occasions has anticipated similar announcements.
