Strategy Adds 1,665 Bitcoin as Its Treasury Reaches a Record 847,666 BTC

Strategy has pushed its Bitcoin treasury to another record, and it did it during a week when the market was giving corporate buyers every excuse to wait.

The Block detailed a busy week inside Strategy’s balance sheet. The company acquired 1,665 Bitcoin between September 21 and September 27 for about $142.7 million, an average purchase price of $85,681 per coin.

The purchase lifted Strategy’s holdings to 847,666 BTC, a new company high. Its total Bitcoin cost now stands near $63.95 billion, including fees and expenses, with an average purchase price of $75,437 per coin.

The company did more than add Bitcoin. It also repurchased about $151.7 million of STRC preferred stock and ended the period with $6.02 billion in USD assets, showing that management is trying to defend liquidity and its capital structure while continuing to accumulate BTC.

That combination is the real story. Strategy bought above its overall cost basis during a soft market, then committed even more capital to its preferred securities instead of treating Bitcoin accumulation as its only obligation.

Strategy has acquired 1,665 $BTC and repurchased $152M of $STRC. As of 9/27/26, we hold 847,666 BTC and $6.02B of USD Assets. $MSTRhttps://t.co/PR1Fv9XFoG

— Strategy (@Strategy) September 28, 2026

This was not a simple dip-buy funded from spare cash. Cointelegraph reported that Strategy sold roughly 1.47 million shares of MSTR for $246.2 million in net proceeds.

It directed $142.7 million of that capital toward Bitcoin and used $103.5 million to help repurchase STRC preferred shares. The company added another $48.1 million from cash to complete those repurchases.

The funding sequence explains why the headline numbers should be read together. Strategy issued common stock, expanded the Bitcoin treasury, retired part of a preferred issue, and still had to preserve enough cash to service the larger financing structure wrapped around its BTC holdings.

Strategy ultimately repurchased about 1.53 million STRC shares for $151.7 million, supplementing the equity-sale proceeds with $48.1 million from its cash balance. The company also reported $6.02 billion in combined USD assets as of September 27.

That mix matters. Strategy is still expanding its Bitcoin position, but management is also using capital to support the securities wrapped around the treasury.

The latest week was a two-sided balance-sheet move: more BTC on one side and fewer preferred shares outstanding on the other.

It also marks a pickup in Bitcoin buying. Strategy acquired 950 BTC for about $75.7 million the week before, following a short pause.

The latest purchase was 75% larger by coin count and came at a higher average price.

The timing puts a spotlight on the low-$80,000 area. Market analyst Rekt Capital identified roughly $82,500 as an important level that Bitcoin would need to turn into support for the broader re-accumulation structure to hold.

The early-stage #BTC Bull Market Re-Accumulation Range in 2023 developed slightly above the 2022 inverse Head and Shoulders Accumulation Pattern

In this cycle, the ~$82500 level is the analogous level to the very top of the 2022 Accumulation Pattern

Turn $82500 into support ->… pic.twitter.com/2KHNtYrUEa

— Rekt Capital (@rektcapital) September 24, 2026

Strategy’s $85,681 purchase price is above that technical level and more than $10,000 above the company’s long-run average. The company was willing to pay up for more Bitcoin even as short-term price action weakened.

The larger signal is consistency. Strategy now owns a little more than 4% of Bitcoin’s fixed 21 million supply.

Each new purchase makes the treasury harder for another public company to match, while every equity-funded acquisition ties the company’s capital structure more tightly to Bitcoin’s long-term performance.

For Bitcoin holders, the immediate question is whether the market can reclaim support near the price Strategy just paid. For Strategy investors, the question is broader: whether the company can keep balancing Bitcoin accumulation, preferred-share obligations, buybacks, and liquidity without dulling the upside that made its treasury model attractive in the first place.

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