MicroStrategy Invests Minuscule Bitcoin Amid Record Gains
Key Summary
Strategy, a company led by Michael Saylor, purchased 334 Bitcoin for $28.7 million, bringing its total holdings to 848,000 BTC, at an average price of $85,838.80. This purchase was the company's smallest in 2026, contrasting with its existing Bitcoin position, which gained 43% in the third quarter, increasing its carrying value to $70.82 billion. Strategy has committed $176.3 million to repurchasing its variable-rate perpetual preferred stock, STRC, pushing the total spending under its preferred-stock repurchase authorization to $1.45 billion.
Strategy Buys Just 334 Bitcoin As Preferred-Share Buybacks Reach $1.45 Billion
The company made its smallest positive Bitcoin purchase of 2026 even as a 43% quarterly rally in the cryptocurrency helped generate a $20.9 billion gain on its digital-asset holdings.In an Oct. 5 filing with the US Securities and Exchange Commission (SEC), the Michael Saylor-founded company said it bought 334 Bitcoin for $28.7 million.
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This move highlights the company's cautious approach to investing in Bitcoin, despite the significant gains in the cryptocurrency market.
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