Strategy Adds 1,665 Bitcoin for $142.70 Million Amid Quarterly Loss and Revenue Growth
Strategy Inc., listed on NASDAQ as MSTR, has made significant moves in its cryptocurrency holdings. The company disclosed that it purchased 1,665 Bitcoin for $142.70 million and repurchased $151.70 million of STRC preferred shares.
The addition lifted Strategy's Bitcoin holdings to 847,666 coins as of September 27, 2026. The purchase was funded partly through common-stock issuance, while the remaining proceeds were used for STRC repurchases and cash on hand.
Strategy generated $122.37 million in revenue during the second quarter of 2026, a 6.90 percent increase from the prior-year quarter. However, the company reported a net loss of $8.22 billion and diluted earnings per share of minus $24.45, exceeding consensus estimates.
The stock remains below its 52-week high of $365.21, trading at $153.09 on September 30, 2026, or 58.08 percent lower. Analysts have raised their target price for the stock to $195.00 from $175.00, maintaining a buy rating.