MicroStrategy Boosts Bitcoin Holdings with $28.7 Million Purchase

MicroStrategy, led by Michael Saylor, continued its aggressive Bitcoin accumulation strategy by purchasing 334 BTC for $28.7 million between October 1 and October 4, 2026. The average purchase price per Bitcoin was $85,838.8, bringing the company's total holdings to 848,000 BTC by October 4. These holdings had an aggregate purchase price of $63.97 billion and an average price of $75,440.7 per Bitcoin, including fees and expenses.

During the same period, MicroStrategy also repurchased 740,634 shares of its STRC Variable Rate Series A Perpetual Stretch Preferred Stock for $73.7 million. The company funded the Bitcoin purchase with $15.7 million from net proceeds of MSTR stock sales and $13.0 million from its USD Cash pool. This highlights the company's dual strategy of accumulating Bitcoin while also focusing on preferred-stock buybacks.

From September 28 to October 4, MicroStrategy spent a total of $176.3 million on STRC repurchases, with no Bitcoin purchases during the first three days. The company maintains separate financial pools for these activities, with its USD Reserve covering preferred dividends and debt interest, while USD Cash is used for broader purposes, including Bitcoin purchases and capital management.

As of October 4, MicroStrategy held $833.4 million in USD Cash and a $4.88 billion USD Reserve. The remaining preferred-stock repurchase authorization stood at $547.2 million, with $1.0 billion available under its MSTR common-stock repurchase program. The company's decision-making behind the imbalance in spending between Bitcoin purchases and preferred-stock buybacks was not disclosed in the filing.