Strategy Buys More Bitcoin Amid Market Rally
The company, formerly MicroStrategy, purchased 334 Bitcoin for $28.7 million, taking its total holdings to 848,000 BTC.
Strategy, founded by Michael Saylor, has continued its streak of buying Bitcoin, despite market volatility. The latest purchase of 334 Bitcoin brings the company's total holdings to 848,000 BTC, valued at around $73 billion.
The total amount spent by Strategy to acquire the Bitcoins is $28.7 million, with an average cost of $85,838.80 per Bitcoin. This marks the company's smallest positive Bitcoin purchase of 2026, according to an SEC filing.
Advertise with usYour brand hereIn-feed (between news) · Native cardBook this space →Strategy's Bitcoin holdings have seen a significant gain, with the cryptocurrency rising 43% during the third quarter. This has lifted the carrying value of the company's digital-asset holdings to $20.9 billion.
Despite market fluctuations, Strategy has continued to buy up Bitcoin, now holding a significant portion of the total 21 million Bitcoins in circulation.
Why it matters
This news matters for everyday investors as it shows that even during market volatility, some companies are willing to invest in Bitcoin. This can be a sign of confidence in the cryptocurrency's long-term potential.
What's next
Strategy's next move is unclear, but the company's continued investment in Bitcoin could have implications for the broader market.
How the story unfolded
Read the original reporting
CryptoSlate – Strategy buys just 334 Bitcoin as preferred-share buybacks reach $1.45 billion ↗
The Block – ‘More orange than ever’: Michael Saylor’s Strategy buys 334 bitcoin for $28.7 million as total holdings top 848,000 BTC ↗
CryptoPotato – 3 in a Row: Strategy Ramps Up Bitcoin Purchases as Holdings Hit 848,000 BTC ↗
U.Today – 'More Orange Than Ever': Michael Saylor Hints at Massive New Bitcoin Buy ↗
Not financial advice: This brief is general news for information only. It is not a recommendation to buy, sell or hold any investment. Prices can go down as well as up – do your own research or talk to a licensed adviser.
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