Strategy Buys 334 Bitcoin and Reports $20.9B Q3 Digital Asset Gain

Highlights:

• Strategy reported a $20.91 billion Q3 gain from its digital assets as its Bitcoin holdings increased in value.
• The company bought 334 Bitcoin for $28.7 million, lifting its total holdings to 848,000 BTC.
• Strategy also repurchased about $176.3 million of STRC preferred stock and maintained substantial cash reserves.

Strategy reported an estimated $20.91 billion gain on digital assets in the third quarter of 2026 as its Bitcoin holdings increased in value. The Bitcoin treasury company also bought another 334 BTC and continued repurchasing its STRC preferred stock. Strategy disclosed the figures on October 5, in a Form 8-K filing with the U.S. Securities and Exchange Commission (SEC). The company said its digital asset carrying value reached $70.82 billion as of September 30. It also estimated a $1.88 billion deferred tax expense for the quarter.

Strategy Adds 334 Bitcoin to Reach 848,000 BTC

Between October 1 and October 4, Strategy acquired 334 Bitcoin for about $28.7 million. The company paid an average price of approximately $85,839 per BTC, including fees and expenses. The latest purchase increased Strategy’s total holdings to 848,000 BTC as of October 4. The company has spent about $63.97 billion building its Bitcoin position, with an overall average purchase price of roughly $75,441 per BTC.

Strategy funded part of the latest Bitcoin purchase through stock sales. It raised $15.7 million by selling 92,894 shares of MSTR between October 1 and October 4. The company used the proceeds to buy Bitcoin. Another $13 million came from its existing U.S. dollar cash balance.  The latest acquisition follows Strategy’s long-running Bitcoin treasury strategy, under which the company raises and deploys capital to expand its BTC holdings.

Strategy reports a $21 billion gain on digital assets in Q3 2026. Last week, we acquired 334 $BTC and repurchased $176M of $STRC. As of 10/4/26, we hold 848,000 BTC and $5.7B of USD Assets. $MSTR https://t.co/jvwiJahdMm

— Michael Saylor (@saylor) October 5, 2026

Strategy Repurchases More Than $176M of STRC Stock

Alongside the Bitcoin update, Strategy disclosed further purchases of its Variable Rate Series A Perpetual Stretch Preferred Stock, or STRC. The company repurchased 1,033,168 STRC shares for $102.6 million between September 28 and September 30. It then bought another 740,634 STRC shares for $73.7 million between October 1 and October 4.

Together, those transactions put the latest STRC repurchases at about $176.3 million. Strategy used cash and interest income to fund the purchases. As of October 4, it still had about $547.2 million available under its preferred stock repurchase program. STRC is one of Strategy’s preferred securities. Unlike its MSTR common shares, preferred stock follows different dividend and capital terms and forms part of the company’s broader Bitcoin-focused financing structure.

Bitcoin Gains Lift Strategy’s Q3 Asset Value

Strategy estimated that its Bitcoin position generated a $20.91 billion digital asset gain during the three months ended September 30. By quarter-end, the fair value of its Bitcoin holdings exceeded their total cost basis. That change also affected the company’s tax position. Strategy said it reversed a previous $4.12 billion deferred tax asset linked to losses on its Bitcoin holdings after the fair value moved above cost basis. The related accounting adjustment reduced its estimated deferred tax expense to $1.88 billion.

Meanwhile, Strategy maintained a $4.88 billion U.S. dollar reserve and $833.4 million in USD Cash as of October 4. The reserve supports preferred-stock dividends and debt interest, while the separate cash balance can fund Bitcoin purchases and other capital-management activities.

Strategy’s latest Bitcoin purchase comes as other public companies continue expanding their BTC-focused financial strategies. On October 5, Japan-listed Metaplanet increased its Bitcoin holdings to 44,000 BTC after adding a net 1,000 BTC during the third quarter. The company also introduced a new net interest income strategy to generate recurring revenue while keeping Bitcoin as its main treasury asset.

I have two important updates to share with you today as we continue to build Metaplanet into a global financial platform rooted in Bitcoin.

From the beginning, our strategy was never simply to accumulate Bitcoin. Our objective has been to build the leading Bitcoin financial… pic.twitter.com/SGgLSctFCs

— Simon Gerovich (@gerovich) October 5, 2026