Strategy Buys 1,665 Bitcoin, Now Holds 847,666 BTC
Strategy spent about $142.7 million on 1,665 BTC at an average $85,681 last week, lifting its stack to 847,666 BTC bought at an average cost of $75,437.
Strategy, the software company turned Bitcoin holder that used to be called MicroStrategy, kept buying last week. In a filing with the US Securities and Exchange Commission on Monday, 28 September 2026, it said it bought 1,665 BTC between 21 and 27 September for about $142.7 million, an average of $85,681 per coin.
Key takeaways
- New purchase: 1,665 BTC for about $142.7 million, average price $85,681.
- Total holdings: 847,666 BTC, more than 4% of Bitcoin's fixed 21 million supply.
- Average cost of the whole stack: $75,437 per BTC, about $63.95 billion in total.
- Most of the money came from selling new Strategy shares, with the rest from cash reserves.
- Strategy also bought back about 1.53 million of its STRC preferred shares.
How the purchase was paid for
Strategy funds its buying mainly by selling new shares of its own stock into the market, a method called an "at-the-market" (ATM) offering. Last week it sold 1,469,165 ordinary shares for about $246.2 million. It also drew on its cash balance and on a reserve it keeps for paying dividends on its preferred shares. The share sales and cash covered both the Bitcoin purchase and the preferred-share buyback described below.
At the same time, Strategy spent roughly $151.7 million buying back 1,534,530 shares of STRC, one of its preferred stocks. STRC pays a monthly dividend, and shareholders vote on 28 October on a plan to switch some preferred shares to daily payouts (our report on that vote).
After these moves the company says it still has about $18.8 billion of room left to sell more ordinary shares under its current programme, about $5 billion in its dividend reserve and roughly $1 billion of general cash.
Where Strategy stands now
| Item | Figure |
|---|---|
| Total BTC held | 847,666 BTC |
| Total cost | About $63.95 billion |
| Average cost per BTC | $75,437 |
| Bitcoin now | $83,929.13 (₹8,055,518) |
| BTC move since Strategy's average cost | +11% |
Last week's coins cost more than the price Bitcoin trades at today. BTC slipped back to about $83,000 on Monday as oil prices and US bond yields climbed (why Bitcoin fell). Because the company's average cost is much lower, the whole stack is still worth more than Strategy paid for it.
Why it matters for the market
- Steady demand. Company treasuries and US spot Bitcoin ETFs take coins off the market and tend to hold them. US spot Bitcoin ETFs have just logged a seventh straight day of net inflows.
- Not a price floor. Strategy's buying depends on investors wanting its shares. Its stock is still about 65% below where it was a year ago. If the shares keep trading weakly, the company can raise less money, and buying slows.
- Concentration. One company now holds more than 4% of all Bitcoin that will ever exist. That is a large stake for a single holder to have.
Strategy is not the only company doing this. We covered earlier purchases by Strategy and Strive in corporate treasuries keep stacking Bitcoin, and India's own listed Bitcoin holder in the Jetking story.
What this means for Indian investors
Strategy's shares trade on the US Nasdaq under the ticker MSTR. Indians can buy US shares through the Liberalised Remittance Scheme (LRS), which allows up to $250,000 a year, using an app that offers US stocks. Owning MSTR is not the same as owning Bitcoin: the share price also reflects the company's debt, its preferred stock and how much investors are willing to pay above or below the value of its coins.
If you want Bitcoin itself, you can buy it on an Indian exchange that is registered with the Financial Intelligence Unit. Gains are taxed at a flat 30% and 1% TDS applies on sales. See Bitcoin price in INR for the live rupee rate and our FIU-registered exchanges list.
FAQ
How many Bitcoin does Strategy own?
847,666 BTC as of 27 September 2026, after buying 1,665 BTC between 21 and 27 September.
What is Strategy's average Bitcoin buying price?
$75,437 per BTC, for a total cost of about $63.95 billion.
How does Strategy pay for its Bitcoin?
Mostly by selling new shares of its own stock, plus preferred shares and cash reserves. Last week it sold about 1.47 million ordinary shares for about $246.2 million.
This article is AI-assisted, educational and general in nature. It is not financial advice and never a guarantee of profit. Every trade is at your own risk on your own exchange. See our risk disclosure and editorial policy.
