Strategy Buys 1,665 Bitcoin for $142.7 Million, Treasury Expands to 847,666 BTC

Strategy Inc acquired 1,665 $BTC for approximately $142.7 million between Sept. 21 and Sept. 27, 2026, according to a Form 8-K filed with the US Securities and Exchange Commission on Sept. 28, 2026 ¹. The acquisitions were executed at an average price of $85,681 per token, inclusive of transaction fees and expenses ¹. The purchase increases Strategy's total bitcoin holdings to 847,666 BTC, acquired for an aggregate consideration of $63.95 billion at an overall average price of $75,437 per coin ¹. At the time of writing, bitcoin traded at $83,597, placing the company's total crypto treasury slightly above current spot prices.

Strategy funded the cryptocurrency purchases through its at-the-market (ATM) equity program ¹. Over the same seven-day window, the firm sold 1,469,165 shares of Class A common stock ($MSTR), generating $246.2 million in net proceeds after commissions ¹. While $142.7 million went toward bitcoin accumulation, Strategy directed the remaining $103.5 million to repurchase 1,534,530 shares of its Variable Rate Series A Perpetual Stretch Preferred Stock ($STRC) ¹. Combining common equity net proceeds with $48.1 million drawn from internal cash balances, the company completed $151.7 million in total STRC repurchases during the week ¹.

Capital Structure and Liquidity Reserves

The dual capital deployment highlights Strategy’s ongoing reliance on programmatic equity sales to balance balance-sheet expansion with fixed-income obligations ¹. Alongside its crypto holdings, Strategy reported holding $5.02 billion in its dedicated USD Reserve and $1.00 billion in general USD Cash as of Sept. 27, 2026 ¹. During the reporting period, the company drew $22.1 million from the reserve to service dividend distributions across its perpetual preferred equity classes ¹.

Strategy still holds substantial room across its various issuance and buyback facilities ¹. The filing revealed $18.84 billion in common stock capacity remains under the MSTR ATM program, while $17.51 billion in STRC issuance remains authorized ¹. Concurrently, the firm retains $723.5 million under its digital credit securities repurchase program and $1.0 billion under its authorized common stock repurchase authorization ¹.