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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%
10/05/2026

Strategy Buys 334 BTC for $28.7M, Total Holdings Now 848,000 BTC

What happened: Michael Saylor’s Strategy acquired 334 bitcoin between September 28 and October 4, 2026, for approximately $28.

Strategy Buys 334 BTC for $28.7M, Total Holdings Now 848,000 BTC

What happened: Michael Saylor’s Strategy acquired 334 bitcoin between September 28 and October 4, 2026, for approximately $28.7 million at an average price of $85,838.80 per BTC. This brings the company’s total holdings to 848,000 BTC—about 4% of the 21 million bitcoin supply cap—worth roughly $73 billion at current prices. The purchase, disclosed in an SEC 8-K filing, was funded through a mix of $15.7 million in at-the-market share sales, $13 million in cash reserves, and interest income. The company also repurchased 1.7 million STRC shares during the same period.

Why it matters: This is Strategy’s smallest bitcoin purchase in several months, signaling a more measured approach amid growing concentration risk. While the company’s average cost basis is $75,440.70 per BTC, it sits on paper gains of about $9 billion. However, JPMorgan’s projection that Strategy could buy $30 billion in BTC by year-end now appears ambitious, given the current pace. The company’s outsized position—now 4% of all bitcoin—raises questions about market influence and systemic risk should it ever unwind.

Source: The Block