Strategy Bolsters Bitcoin Holdings with $246 Million in Proceeds from Share Sales
Strategy Inc., a Bitcoin Treasury Company, has expanded its bitcoin holdings and executed share buybacks. The company issued 1,469,165 shares of its MSTR Class A common stock through an at-the-market offering program from September 21 to September 27, generating $246.2 million in net proceeds.
Of the proceeds, Strategy allocated $142.7 million to purchase 1,665 bitcoin and $103.5 million to repurchase STRC preferred stock. As of September 27, 2026, the company's aggregate bitcoin position rose to 847,666 BTC acquired for approximately $63.95 billion at an average purchase price of about $75,437 per bitcoin.
The company also repurchased 1,534,530 STRC shares for $151.7 million, funded in part by $48.1 million of USD Cash and paid $22.1 million in preferred dividends from its USD Reserve. Strategy closed the period with $5.02 billion in USD Reserve and $1.00 billion in USD Cash.
The company's bitcoin holdings have become a significant aspect of its operations, with a market capitalization of $60.94B as of September 2026. Analysts at TipRanks give MSTR a Buy rating with a price target of $195.00.