Strategy Buys $142.7M in Bitcoin, Holdings Rise to 847,666 BTC

Highlights:

• Strategy expanded its Bitcoin treasury again, adding more than $142 million worth of BTC during the week.
• The company used money raised from MSTR share sales to fund its latest Bitcoin purchase.
• Bitcoin is trading below Strategy’s latest buying price but remains above its overall average purchase cost.

Strategy has bought another 1,665 Bitcoin for $142.7 million, increasing its total holdings to 847,666 BTC. The company disclosed the purchase on September 28 in a Form 8-K filing with the U.S. Securities and Exchange Commission (SEC). Strategy acquired the Bitcoin between September 21 and September 27 at an average price of $85,681 per coin, including fees and expenses.

Executive Chairman Michael Saylor also shared the update on X after the filing. Strategy said its total Bitcoin position has now cost about $63.95 billion, with an average purchase price of $75,437 per BTC. The latest purchase continues the company’s Bitcoin treasury strategy, which uses capital raised through securities sales to expand its holdings.

Strategy has acquired 1,665 $BTC and repurchased $152M of $STRC. As of 9/27/26, we hold 847,666 BTC and $6.02B of USD Assets. $MSTR https://t.co/h3BVtsbcBb

— Michael Saylor (@saylor) September 28, 2026

MSTR Share Sales Fund the Latest Bitcoin Purchase

Strategy funded the new Bitcoin purchase with proceeds from sales of its Class A common stock, MSTR. During the September 21 to September 27 period, the company sold 1,469,165 MSTR shares through its at-the-market offering program. Those sales generated $246.2 million in net proceeds. Of that amount, $142.7 million went toward the 1,665 BTC purchase. Another $103.5 million was used to repurchase STRC preferred stock.

The filing shows Strategy bought back 1,534,530 STRC shares for $151.7 million. STRC is the company’s Variable Rate Series A Perpetual Stretch Preferred Stock. Strategy funded the repurchases with $103.5 million from MSTR stock sales and another $48.1 million from its USD Cash balance.

Strategy Reports $6.02 Billion in USD Assets

Alongside its Bitcoin holdings, Strategy reported $6.02 billion in U.S. dollar assets as of September 27. That included a $5.02 billion USD Reserve and $1.00 billion in USD Cash.  The USD Reserve supports preferred stock dividend payments and interest on outstanding debt.

During the week, Strategy used $22.1 million from the reserve to pay preferred stock dividends. Its separate USD Cash balance can be used for Bitcoin purchases, reserve expansion and other treasury purposes. Strategy also said $723.5 million remains available under its preferred stock repurchase program. Another $1 billion remains authorized under its MSTR stock repurchase program.

Bitcoin Trades Below Strategy’s Latest Purchase Price

At the time of writing, Bitcoin is trading near $82,962, down about 1.8% over the past 24 hours. BTC is around 34% below its all-time high of $126,198, according to CoinMarketCap. The current Bitcoin price is below Strategy’s latest average purchase price of $85,681. However, BTC remains above the company’s overall average acquisition cost of $75,437 per coin.

Meanwhile, CryptoQuant analyst Darkfost said Bitcoin’s Short-Term Holder MVRV has climbed to its highest level since November 2025. The indicator gained momentum between August and September after BTC moved above the short-term holder cost basis near $73,100.

With the STH MVRV now at 1.15, short-term holders are sitting on an average unrealized profit of about 15%. Darkfost said the level is worth watching because stronger profits could encourage some recent Bitcoin buyers to take profits.

The Bitcoin STH MVRV has reached its highest level since November 2025.

The momentum accelerated notably between August and September, driven by the break above the STH cost basis, located at ~$73,100.

With an MVRV of 1.15, STHs are on average sitting on a 15% profit, and their… pic.twitter.com/TD4d1VwMaV

— Darkfost (@Darkfost_Coc) September 28, 2026