Strategy's Bitcoin (BTC) Holdings Hit 848,000 After $28.7M Weekly Buy

Third Straight Weekly Buy

Strategy disclosed a new purchase in a Monday SEC filing: the company bought 334 Bitcoin (BTC) for $28.7 million between October 1 and October 4, lifting its strategic bitcoin reserve to exactly 848,000 coins. It marks the third consecutive weekly buy, though only about a fifth the size of the prior week's 1,665 BTC purchase. The latest tranche cost an average of $85,838.80 per coin, well above the company's overall average purchase price of $75,440.70. With the Bitcoin (BTC) price near $86,071 at the time of writing, up 0.92% over 24 hours, the stack's market value sits well above its $63.97 billion cost basis. The filing also puts the position at roughly 4.04% of Bitcoin's fixed 21 million supply, a stake we track in our coverage of corporate Bitcoin buyers.

How the Purchase Was Funded

The funding split tells much of the story. Only $13 million of the Bitcoin purchase came from USD Cash, the company's general-purpose dollar pool, while $15.7 million arrived from the sale of 92,894 new MSTR common shares. Buybacks dwarfed both figures. Strategy repurchased about 1.77 million shares of its STRC preferred stock, which pays a 12% annual dividend, spending $176.3 million on that program during the week, roughly six times the Bitcoin (BTC) outlay. Of that total, $154.1 million was drawn from USD Cash. The company said last week it will keep STRC's 12% rate in place until the stock trades steadily near its $100 issue price. The 848,000 coins themselves sit untouched as a long-term reserve; in market shorthand, the company runs a corporate-scale hodl.

A $20.9 Billion Quarter

Executive chairman Michael Saylor laid out the quarter's results in a Monday post on X, writing that Strategy reported roughly $21 billion in digital asset gains for the third quarter of 2026, repurchased $176 million of STRC last week, and held 848,000 BTC plus $5.7 billion in dollar assets as of October 4. The filing's more precise estimate puts the third-quarter gain at $20.91 billion through September 30, with digital assets carried at a book value of $70.82 billion. At the end of June the holdings were worth less than the company paid for them; the recovery since then allowed Strategy to reverse a $4.12 billion deferred tax asset tied to that earlier loss.

@saylor · X post

A Monday post on X.

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Critics Question the Model

Not everyone accepts the approach. Gold advocate Peter Schiff argued over the weekend that Strategy has lost its Bitcoin-buying power because STRC no longer raises fresh capital. The critique lands on a treasury strategy that has become the corporate expression of bitcoin maximalism: one company now holds a stash that makes it the market's largest corporate whale, at 4.04% of the maximum supply. Immediate liquidity is not the stated concern. The filing shows a $4.88 billion USD reserve earmarked for dividends and interest, plus $833.4 million in USD Cash. The open question is the direction of cash flow, and shareholders vote on October 28 on a plan to pay daily dividends across the company's four preferred stocks, a vote that arrives as more of the cash goes to those shares than to new Bitcoin (BTC).

$87,331 Resistance in Focus

COINOTAG's proprietary 42-indicator composite S/R scoring engine rates the $87,331 resistance at 90/100, driven by the confluence of the Swing High, R1 and Donchian Upper; the nearest support at $84,822 scores 87/100 from Fibo 0.114, S2 and Ichimoku Tenkan. The read follows a pullback from $87,000 in Bitcoin's fourth breakout attempt since September, and our Bitcoin technical analysis tracks the same levels live. Momentum looks stretched: RSI at 66.14 with a bearish MACD signal inside a broader uptrend. Positioning leans long but not extreme, with funding at 0.0026%, open interest at $16.49 billion and a long/short account ratio of 1.09, while Fear & Greed sits at 70, in Greed. A daily close above $87,331 extends the trend; losing $84,822 invalidates it. The record here rests on a single disclosure channel, the SEC filing and Saylor's posts.