Strategy has resumed its Bitcoin buying after a three-week pause, adding to its massive cryptocurrency treasury as it balances Bitcoin purchases with capital management.
The latest acquisition marks the company’s first Bitcoin purchase since August 31. Strategy funded the entire transaction with cash reserves, while also allocating significant capital to its preferred stock program.
The moves come as Bitcoin trades near recent highs and Strategy’s stock gains momentum.
Strategy adds 950 BTC to its holdings
Strategy purchased 950 BTC for about $75.7 million between September 14 and September 20, according to an SEC filing released Monday. The company paid an average of $79,670 per Bitcoin, including the purchase price disclosed for the acquisition.
BTC update table from Strategy’s 8-K filed September 21, 2026, covering September 14 to September 20.
The latest purchase lifts Strategy’s Bitcoin holdings to 846,000 BTC. The company has spent about $63.8 billion on its Bitcoin holdings, including fees. That puts its average acquisition cost at approximately $75,416 per coin.
At a Bitcoin price near $85,000, Strategy’s holdings were worth about $71.9 billion. That value puts the company’s Bitcoin portfolio roughly $8.1 billion above its aggregate acquisition cost.
Strategy used its USD cash reserves to fund the latest Bitcoin purchase. As of September 20, the company held $5.04 billion in its USD Reserve and another $1.05 billion in USD Cash.
The company had held 845,050 BTC since announcing its previous acquisition of 4,603 BTC on August 31. The latest purchase therefore represents a return to its established Bitcoin accumulation strategy after a three-week gap.
Strategy CEO Phong Le said in July that the company would not resume Bitcoin purchases until its STRC preferred stock returned to its $100 par value. He also said Strategy was shifting from a Bitcoin treasury company toward what he called a “full digital capital platform.”
STRC buybacks exceed Bitcoin spending
Strategy also directed substantial capital toward its Stretch preferred stock, known by the ticker STRC, during the same week. The company repurchased 1.77 million STRC shares for approximately $174 million.
That amount more than doubled the $75.7 million spent on Bitcoin. The company had also spent $139.3 million on STRC during the previous week instead of purchasing Bitcoin, according to the information provided.
The STRC repurchases aim to bring the preferred shares back toward their $100 par value. Separately, Strategy used $57.4 million from its USD Reserve during the week to cover preferred dividends and debt interest.
Bitcoin reached $85,000 on Monday, marking its first move to that level since January. The cryptocurrency has gained 5.3% over the past week.
Strategy’s MSTR shares also climbed 16.4% last week, closing Friday at $153.92. The stock remains roughly flat for the year but has fallen 54.2% over the past 12 months.
Michael Saylor posted Strategy’s Bitcoin acquisition tracker on X on Sunday with the caption “A little more orange.” His posts have often preceded announcements of new Bitcoin purchases.
Strategy remains the largest corporate Bitcoin holder among 196 public companies. Twenty One, backed by Tether, ranks next with 43,514 BTC. Strategy’s 846,000 BTC represents more than 4% of Bitcoin’s fixed 21 million supply.
