Strategy Acquires $143M in Bitcoin, Boosting Reserve to 847,666 BTC
Company funds purchase through MSTR stock sales while buying back preferred shares.
1Latest Bitcoin purchase details
Strategy acquired 1,665 BTC for $142.7 million between September 21-27, 2026, at an average price of $85,681 per coin. The purchase was disclosed in an SEC 8-K filing, bringing the company's total Bitcoin reserve to 847,666 BTC. This latest acquisition represents a continuation of Strategy's aggressive Bitcoin accumulation strategy despite market fluctuations.
2Funding mechanism
The company financed the Bitcoin purchase through sales of 1.47 million MSTR common shares under its ATM program, generating $246.2 million in net proceeds. Of this amount, $142.7 million was allocated to Bitcoin purchases while $103.5 million went toward repurchasing STRC preferred shares. Strategy maintains multiple financing channels for its crypto acquisitions.
3Cumulative Bitcoin investment
Strategy has now spent approximately $63.95 billion on Bitcoin acquisitions at an average purchase price of $75,437 per coin. The company's consistent buying strategy demonstrates its long-term commitment to cryptocurrency as a core reserve asset, regardless of short-term price volatility in crypto markets.
4Share repurchase activity
During the same reporting week, Strategy repurchased about 1.53 million STRC shares for $151.7 million. The company used $48.1 million in cash reserves to supplement proceeds from MSTR stock sales. This dual approach to capital allocation reflects Strategy's complex treasury management strategy.
5Current cash position
As of September 27, Strategy held $5.02 billion in dollar reserves with $1 billion in cash. The company maintains significant liquidity despite its substantial Bitcoin investments, allowing flexibility for future acquisitions or corporate actions. This balanced approach mitigates risk from cryptocurrency volatility.
6Executive signaling
Prior to the announcement, Strategy's Executive Chairman Michael Saylor posted a Bitcoin purchase chart captioned 'A little more orange.' Such posts have historically preceded acquisition disclosures. The company's leadership continues using public communication to signal its crypto strategy.
7Recent sales context
In July-August 2026, Strategy sold 3,328 BTC at an average price slightly above $64,000. CEO Phong Le later defended this decision despite Bitcoin's subsequent price increase. These occasional sales demonstrate Strategy's willingness to adjust its crypto holdings tactically while maintaining a long-term accumulation strategy.
8Corporate strategy implications
Strategy's latest moves reinforce its position as the largest corporate Bitcoin holder. The company's ability to fund purchases through stock sales while maintaining cash reserves shows sophisticated capital management. This approach continues influencing other corporations considering cryptocurrency as a reserve asset.
Original article: INCRYPTED — Strategy Acquires $143M in Bitcoin, Boosting Reserve to 847,666 BTC