Strategy Buys 1,665 Bitcoin, Boosts Holdings to 847,666
Strategy Inc, a technology company, has purchased 1,665 Bitcoin at an average price of $85,681 per coin, lifting its total holdings to 847,666 Bitcoin. The acquisition was made between September 21 and September 27, 2026, and was funded through common-stock issuance and preferred securities activity. This move marks a significant increase in Strategy's Bitcoin holdings, with the company's treasury now holding over 1 million coins.
The purchase was announced alongside Strategy's second-quarter 2026 results, which showed a net loss of $8.22 billion and diluted loss of $24.45 per share. However, the company's software revenue increased by 6.90 percent year-over-year, reaching $122.40 million. The quarterly loss was largely due to an unrealized digital-asset loss of $8.32 billion.
StoneX, a financial services firm, has set a price target of $435 for Strategy stock, citing the company's positioning of digital credit instruments for continuous operation. The firm also noted the proposed daily dividend schedule for four preferred stocks as another capital-markets variable. Strategy stock is currently trading at EUR 144.14, up 1.36 percent from the prior close.