---
title: "Strategy Buys 1,665 Bitcoin for $142.7 Million, Treasury Expands to 847,666 BTC"
description: "The enterprise treasury firm issued MSTR shares to acquire more bitcoin and retire $151.7 million in preferred stock."
url: https://basisdesk.news/news/strategy-buys-bitcoin-treasury-reaches-847k-btc
published: 2026-09-28T13:00:57.494Z
modified: 2026-09-28T13:00:57.494Z
section: Institutions & ETFs
author: Basis Desk Newsroom (AI-generated, source-verified)
sentiment: neutral
tickers: [BTC, MSTR, STRC]
tags: [bitcoin, microstrategy, strategy, treasury, corporate-finance, sec-filing]
license: Quote with attribution to Basis Desk (basisdesk.news). Not financial advice.
---

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

The enterprise treasury firm issued MSTR shares to acquire more bitcoin and retire $151.7 million in preferred stock.

## Key points

- Strategy acquired 1,665 BTC for $142.7 million at an average cost of $85,681 between Sept. 21 and Sept. 27, 2026.
- Total corporate holdings reached 847,666 BTC, held at a cumulative aggregate purchase price of $63.95 billion.
- Net common stock ATM proceeds of $246.2 million funded the purchases alongside $151.7 million in STRC preferred stock repurchases.

## Editorial remark

- **Context:** Strategy has systematically used common equity ATM issuance to fund spot bitcoin accumulation and service its capital stack.
- **Impact:** The ongoing purchases absorb spot supply while the preferred stock buybacks reduce perpetual dividend burdens on the firm's dollar reserves.
- **Watch:** Monitoring the pace of MSTR ATM sales against the remaining $18.84 billion common stock authorization and the $5.02 billion USD Reserve.

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].

## Sources

1. [8-K - Current report](https://www.sec.gov/Archives/edgar/data/1050446/000119312526403417/0001193125-26-403417-index.htm) — SEC EDGAR — Strategy (MSTR) 8-K, 2026-09-28

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Basis Desk Newsroom · AI-generated, source-verified · https://basisdesk.news/about/how-we-use-ai