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BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
10/12/2026

Michael Saylor’s Strategy Adds 250 BTC, Holdings Top 848,000 Bitcoin

What happened: Michael Saylor’s Strategy acquired 250 additional BTC for $21.

Michael Saylor’s Strategy Adds 250 BTC, Holdings Top 848,000 Bitcoin

What happened: Michael Saylor’s Strategy acquired 250 additional BTC for $21.5 million between October 5 and 11, bringing its total holdings to 848,250 BTC—over 4% of the maximum 21 million supply. The average purchase price was $86,194 per BTC, and the company’s total investment in bitcoin now stands at approximately $64 billion, with an average cost basis of $75,444. The purchase was funded primarily through the sale of 125,183 MSTR shares and a small cash component. Saylor teased the acquisition on X, posting, “There’s always room for more orange.”

Why it matters: Strategy’s relentless accumulation of bitcoin continues to set the benchmark for institutional adoption, but the pace has slowed—recent purchases are down 84% compared to two weeks ago. With $6.6 billion in paper gains and a significant portion of its treasury in BTC, Strategy’s approach is both a vote of confidence in bitcoin’s long-term prospects and a high-stakes bet on its continued outperformance. The company’s ability to fund these buys through share sales rather than debt also signals a more conservative approach amid market volatility.

Source: The Block