Strategy, the Michael Saylor-led company formerly known as MicroStrategy, acquired 250 Bitcoin for about $21.5 million between October 5 and October 11, 2026, according to a Form 8-K filed on October 12. The purchase, at an average price of $86,194 per coin, lifted the firm’s holdings to 848,250 BTC and extended a stretch of sharply reduced buying.
How much Bitcoin did Strategy buy?
Strategy’s October 12 regulatory filing disclosed the acquisition of 250 BTC for approximately $21.5 million, inclusive of fees and expenses, at an average price of $86,194 per coin. The exhibit to the 8-K states the purchase covers the week of October 5 through October 11, 2026. Bitcoin.com News, which reported the disclosure, noted that the modest buy followed a weekend social-media post by executive chairman Michael Saylor that read, “There’s always room for more orange.” The transaction is small by the company’s historical standards but confirms that Strategy continued to add to its treasury through the second week of October.
How was the latest purchase funded?
According to the company’s 8-K exhibit, the roughly $21.5 million outlay was financed almost entirely through equity sales. The filing attributes $21.0 million to proceeds from sales of MSTR common stock under Strategy’s at-the-market program, with the remaining $0.5 million drawn from US dollar cash. Strategy has for several quarters relied on a mix of common-stock sales and preferred-share issuance to fund its accumulation, rather than operating cash flow from its software business. That financing model ties the pace of its Bitcoin buying to investor demand for its securities, which tends to soften when both Bitcoin and MSTR shares weaken. In the prior weekly window ended October 4, reporting of the earlier 8-K showed the company bought 334 BTC for about $28.7 million at an average of $85,838.80 per coin, funded by roughly $15.7 million of stock sales and $13.0 million of cash — a similarly modest cadence that underlines the slowdown.
How large is Strategy’s Bitcoin position now?
The purchase raised Strategy’s total holdings to 848,250 BTC as of October 11, 2026, the filing states. The company reported an aggregate purchase price of about $64.00 billion, for an average cost basis of roughly $75,444 per Bitcoin. That keeps Strategy by far the largest corporate holder of Bitcoin, well ahead of mining companies such as MARA Holdings and the newer wave of treasury firms, including Japan’s Metaplanet, that have adopted similar accumulation strategies. With Bitcoin trading in the low-to-mid $80,000s during the period, the stack sat above the company’s blended cost basis, meaning the holdings were at an unrealized gain relative to what Strategy paid, though the company does not mark the position to market as profit until any sale.
What else did the filing disclose?
Alongside the Bitcoin buy, Strategy said it repurchased $192.4 million of its STRC preferred stock during the same period, according to Bitcoin.com News’s summary of the disclosure. The outlet reported that the company’s combined US dollar reserves and cash holdings stood at approximately $5.5 billion. Strategy has issued several series of preferred shares — including STRC, STRF and STRK — as financing vehicles, and has at times bought back those securities when they trade below issuance levels. The parallel repurchase indicates the company is actively managing its capital stack as well as adding to its Bitcoin position, and that its sizeable dollar reserves give it flexibility to keep buying even during weeks when equity-market conditions limit fresh issuance.
How does this compare with earlier purchases?
The 250 BTC buy continues a marked slowdown from Strategy’s pace earlier in 2026. The firm had acquired 4,603 BTC for roughly $370 million in late August, according to KuCoin, and bought 334 BTC in the prior weekly window ended October 4, per coverage of its earlier 8-K filing. Coverage of the late-September filings pointed to a 1,665 BTC purchase worth about $142.7 million in the week of September 21-27, so the first half of October has seen the company buy only a few hundred coins per week. Smaller weekly purchases have coincided with Bitcoin trading in the low-to-mid $80,000s and with Strategy’s own shares under pressure — factors that can reduce the capital available through its equity-financing programs. The company has not signaled any change to its long-term accumulation policy, and its disclosures show it retained substantial unused capacity under both its preferred-stock and common-stock repurchase programs.
Is Strategy still adding to its stack?
Yes. Despite the smaller size, the October disclosure reflects continued accumulation rather than any sale. Saylor’s weekend post signaled an intention to keep buying, and the company has repeatedly described Bitcoin as its primary treasury reserve asset. This article reports the disclosed transactions and holdings as filed with the SEC and relayed by secondary outlets; it does not assess whether the strategy will prove profitable and makes no buy, sell or hold recommendation regarding Bitcoin or Strategy’s securities.
Sources
SEC — Strategy Inc. Form 8-K, Exhibit 99.1 (filed October 12, 2026): www.sec.gov/Archives/edgar/data/0001050446/000119312526419726/mstr-ex99_1.htm
Bitcoin.com News — Strategy Buys More Bitcoin and Retires Nearly 2M STRC Shares: news.bitcoin.com/strategy-buys-more-bitcoin-and-retires-nearly-2m-strc-shares/
KuCoin — Strategy Buys 4,603 Bitcoin for $370M as Michael Saylor Returns to BTC Buying: www.kucoin.com/blog/th-strategy-buys-4603-bitcoin-saylor
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Disclaimer: The content on this page is for informational purposes only and does not constitute financial advice. Always do your own research before making investment decisions.
James Nakamoto is a Markets Reporter at STnews, tracking Bitcoin spot and futures, ETF flows, miner economics and macro liquidity. His reporting follows STnews's editorial standards: primary-sourced, cited, and non-advisory.
Conflicts of interest
I disclose any positions held at time of writing within each article. I do not trade Bitcoin futures.
