Strategy officially holds 846,000 BTC as of September 21, 2026, following a recent acquisition of 950 Bitcoin. The company disclosed in an SEC filing that it spent $75.7 million in cash on this latest round of purchases between September 14 and September 20. The average price for this specific batch was $79,670 per BTC, a figure that sits slightly above the company’s total aggregate average cost basis of $75,416 per coin.
The filing also revealed that Strategy is actively managing its capital structure beyond just Bitcoin accumulation. During the same reporting period, the company repurchased 1,771,238 shares of its STRC preferred stock for approximately $174 million. This dual-track approach—buying Bitcoin while retiring equity—demonstrates how the firm continues to use its public market position to leverage its balance sheet in favor of digital assets, effectively turning the company into a Bitcoin-backed financial entity.
For US investors and crypto analysts, Strategy’s relentless buying at prices near $80,000 signals strong corporate confidence in Bitcoin's long-term value, even as the company's average cost basis creeps upward. Because Bitcoin is now central to how investors value the business, every incremental acquisition at these levels nudges the blended cost basis higher, making the firm's stock price increasingly sensitive to Bitcoin's spot price movements.
Looking ahead, market participants should watch for further SEC filings that bundle weekly purchases, as this has become the company's standard reporting rhythm. With a total stack now reaching 846,000 BTC, the firm’s influence on global liquidity and institutional sentiment remains a primary driver for Bitcoin's price discovery in late 2026. Analysts will be particularly focused on whether the company initiates new debt or equity offerings to fund its path toward holding one million BTC.