Strategy buys 250 more Bitcoin, total holdings reach 848,250 BTC
Strategy adds 250 Bitcoin to its growing treasury
Michael Saylor's Strategy acquired 250 Bitcoin between October 5 and October 11 for approximately $21.5 million. The purchase brings the company's total Bitcoin holdings to 848,250 BTC, worth an estimated $70.6 billion at current prices.
The acquisition was funded using proceeds from selling shares of the company's Class A common stock (MSTR) and its USD Cash reserve. Strategy sold 125,183 shares for about $21 million last week and used its cash reserves to cover the remaining cost.
Key numbers behind the purchase
- Purchased: 250 BTC at an average price of $86,194 per Bitcoin
- Total holdings: 848,250 BTC, averaging $75,444 per coin
- Total cost: approximately $64 billion, including fees
- Strategic ownership: over 4% of Bitcoin's 21 million supply cap
- Estimated paper gains: around $6.6 billion at current prices
- Remaining share issuance capacity: $18.8 billion worth of MSTR shares available
Saylor signals more Bitcoin on the way
Michael Saylor posted a chart on X (formerly Twitter) on Sunday with the caption "There's always room for more orange." Similar posts have historically preceded Bitcoin acquisition announcements the following day, according to the press release.
What the company says
According to Strategy's press release, the company also repurchased 1,932,145 STRC preferred shares last week for about $192.4 million under its digital credit securities repurchase program. As of October 11, the firm reported $4.88 billion in its USD Reserve and $640.5 million in USD Cash.
Market context and analyst outlook
TD Cowen recently raised its Bitcoin price forecasts but kept its $260 price target on Strategy unchanged. The firm's analysts see Bitcoin reaching $109,000 by the end of 2026 and $280,000 by 2029. TD Cowen noted that dilution and financial obligations could limit upside for Strategy shareholders.
Strategy stock fell 7% last week, closing at $154.34 on Friday. The stock is flat for the year but remains down 53% over the past 12 months. Bitcoin dropped 4.5% during the same one-week period.
Why Strategy's Bitcoin stash matters
Strategy is by far the largest corporate holder of Bitcoin, with 848,250 BTC — more than four times the next-largest public company holder, Metaplanet, which holds about 44,000 BTC. Per Bitcoin Treasuries data, 198 public companies have adopted some form of Bitcoin treasury strategy.
What's confirmed and what remains unclear
The purchase amount, timing, and total holdings are confirmed by the company's press release. TD Cowen's Bitcoin price targets are analyst estimates, not guarantees. The impact of Strategy's ongoing share dilution on its stock price is a subject of debate among analysts.
What happens next
Strategy has $18.8 billion in remaining share issuance capacity and $640.5 million in cash reserves, suggesting the company has additional resources available for future Bitcoin purchases. No specific timeline for the next acquisition was announced.
Sources
Newisty Editorial Team covers technology, cryptocurrency, digital products, online platforms, developer tools and the wider digital economy. Our content is researched from official sources, company announcements, public documentation, market data and other primary or reputable sources. Articles are reviewed and edited before publication for clarity, accuracy and useful context.
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