Strategy Adds 334 Bitcoin, Pushing Its Treasury Past 848,000 BTC

Bitcoin treasury company Strategy bought another 334 BTC for about $28.7 million, paying an average of $85,838.80 per coin between Sept. 28 and Oct. 4, according to a regulatory filing made Monday.

The purchase lifts its stash to 848,000 BTC, its largest ever, worth roughly $73 billion. The company paid an average of $75,440.70 per coin, around $64 billion in total including fees. That equals more than 4% of bitcoin’s 21 million supply cap and implies paper gains of about $9 billion. Executive chairman Michael Saylor had teased the buy on Sunday with a tracker chart captioned “More orange than ever,” a type of post that has usually come a day before an announcement, though recent practice has varied.

How Strategy Funded the Bitcoin Buy

Last week Strategy sold 92,894 MSTR shares for about $15.7 million, and its dollar cash covered the other $13 million. As of Oct. 4, $18.8 billion of shares remain available under the sales program. The company also repurchased 1.77 million STRC preferred shares for around $176.3 million, using $154.1 million from its cash reserve and $22.2 million from interest income. A further $142.5 million from the reserve paid preferred dividends and debt interest. Its USD Reserve stood at $4.88 billion and USD Cash at $833.4 million.

Top Bitcoin Treasury Companies Ranking

Data shows 196 public companies now follow some form of bitcoin acquisition model. Metaplanet ranks next with 44,000 BTC, followed by Twenty One with 43,514, MARA with 35,577 and Bitcoin Standard Treasury Company with 30,021.

MSTR Stock Performance

Strategy’s shares fell 7.1% last week to close Friday at $160.01. The stock is up 0.5% this year after a strong rebound but remains 48% lower than a year ago, while bitcoin was roughly flat over the same week.