Strategy Buys 334 BTC for $28.7M, Lifting Holdings to 848,000 BTC

Strategy, the largest corporate holder of bitcoin, added 334 BTC between October 1 and October 4, 2026, paying $28.7 million at an average of $85,838.80 per coin, the company said in a Form 8-K filed with the SEC on Monday, October 5. The purchase lifted its holdings to exactly 848,000 BTC, acquired for an aggregate $63.97 billion, or $75,440.70 per bitcoin on average.

Smaller buy, bigger buyback

The latest purchase was a fraction of the prior week's. Between September 21 and 27, Strategy bought 1,665 BTC for $142.7 million at about $85,681 apiece, according to its earlier filing, which brought holdings to 847,666 BTC.

Funding for the new coins came from two sources: $15.7 million in net proceeds from selling 92,894 shares of MSTR common stock through its at-the-market program, and $13.0 million of cash. The company sold none of its preferred stocks (STRC, STRK, STRF, STRD) during the period.

More money went the other way. From October 1 to 4, Strategy repurchased 740,634 shares of its Stretch preferred stock (STRC) for $73.7 million, funded from cash, the filing shows. STRC carries a 12.00% annual dividend rate, which the company kept unchanged for periods starting October 16, per a separate 8-K. As of October 4, Strategy reported a USD Reserve of $4.88 billion and $833.4 million in USD Cash; the reserve covered $142.5 million in preferred dividends and interest between September 28 and October 4.

Strategy is not the only treasury company still buying. Strive, Inc. said in an 8-K dated October 5 that it purchased 2,000 BTC between September 28 and October 2 at an average price of about $84,422. As of September 30, Strive held 28,000 BTC at an average cost of $90,170, above the current market price.

What it means

With bitcoin hovering around $85,000⁠–⁠86,000, Strategy's position remains in profit: its average cost of about $75,441 sits roughly 12% below the price paid this week. But the pace of accumulation has slowed, and the company is now spending more on supporting its preferred stock than on new coins, a sign that managing its capital structure competes with bitcoin purchases for cash. Strive's average cost above the market illustrates the risk for later entrants. Corporate demand is one of the factors we track in the daily brief and on the bitcoin page.