Strategy and Strive expand corporate Bitcoin reserves in latest weekly purchases

Sources · 8 sources

1. UN

   UnchainedArticle · 3d ago

   Strategy Estimates a $20.9 Billion Q3 Bitcoin Gain, Reversing Its Second-Quarter Loss Strategy expects to book a $20.91 billion gain on its bitcoin for the third quarter, three months after it recorded a loss. The company disclosed the preliminary estimate in a Form 8-K on Monday, along with a small weekly bitcoin purchase and more buybacks of its STRC preferred stock. For the second quarter, Strategy posted an $8.32 billion loss on digital assets. The carrying value of its bitcoin climbed to $70.82 billion at Sept. 30, from $49.67 billion at June 30. “Strategy reports a $21 billion gain on digital assets in Q3 2026,” Executive Chairman Michael Saylor wrote on X. Get Unchained’s crypto news in your inbox with the free Unchained Daily newsletter . Tax Asset Reversed At the end of June, Strategy’s bitcoin was worth less than it had paid for it, leaving a $4.12 billion deferred tax asset offset by a valuation allowance. With the coins back above cost at Sept. 30, Strategy reversed the asset and released the allowance. Releasing it was worth a tax benefit of about $4.12 billion , which brought estimated deferred tax expense for the quarter down to $1.88 billion , from roughly $6.00 billion. KPMG , its auditor, has not audited or reviewed the figures. 334 BTC Last Week Strategy bought 334 BTC for $28.7 million between Oct. 1 and Oct. 4, an average of $85,839 a coin including fees. It was the third weekly buy in a row and the smallest, after 950 BTC and 1,665 BTC in the prior two weeks. Holdings reached 848,000 BTC , bought for $63.97 billion, or about $75,441 a coin. The latest coins were paid for with $15.7 million from sales of MSTR stock and $13.0 million from the company’s USD Cash account. STRC Buybacks Near $100 Strategy repurchased 1,773,802 STRC shares for $176.3 million over the week, an average of about $99.39 each, up from roughly $98.86 the week before. Management has said it will recommend holding STRC’s 12% dividend “until STRC has demonstrated sustained, healthy trading near $100 per share.” USD Cash funded $154.1 million of the buybacks and ended the week at $833.4 million , down from $1.00 billion. Strategy also drew $142.5 million from its USD Reserve for preferred dividends and debt interest, leaving $4.88 billion . Common stockholders vote Oct. 28 on a proposal to pay daily dividends on STRC and three other preferreds. Related Listen: Strategy Sells $216M in Bitcoin. Is Saylor a Buyer or a Seller Now? – Bits + Bips The post Strategy Estimates a $20.9 Billion Q3 Bitcoin Gain, Reversing Its Second-Quarter Loss appeared first on Unchained .

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2. *B

   *Walter Bloomberg@DeItaonePost on X · 3d ago

   $MSTR - STRATEGY BUYS MORE BITCOIN, HOLDINGS REACH 848,000 BTC Strategy acquired 334 BTC for $28.7 million at an average price of $85,839, bringing total holdings to 848,000 BTC worth $63.97 billion at cost. The company also sold 92,894 MSTR shares, raising $15.7 million used for Bitcoin purchases. Strategy estimates a $20.91 billion Q3 gain on digital assets, with Bitcoin carrying value reaching $70.82 billion at Sept. 30.

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3. TB

   The Block@TheBlockCoPost on X · 3d ago

   THE BLOCK: Strive $ASST acquired another 2,000 bitcoin:native for roughly $169 million at an average price of $84,422 per bitcoin. The purchase brought Strive's total holdings to 29,462 BTC. https://t.co/1X85fdBqMA

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4. TB

   The Block@TheBlockCoPost on X · 3d ago

   THE BLOCK: Strategy $MSTR acquired 334 bitcoin:native for $28.7 million at an average price of $85,839, bringing its total holdings to 848,000 BTC. The company also repurchased 1.77 million $STRC preferred shares for $176.3 million between Sept. 28 and Oct. 4. https://t.co/TEDNE963oX

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5. WB

   Wu Blockchain@WuBlockchainPost on X · 3d ago

   Strategy Reaches 848,000 BTC While Spending $176M on STRC Buybacks Strategy said it acquired 334 BTC for $28.7 million at an average price of $85,839 between October 1 and 4, bringing total holdings to 848,000 BTC at an aggregate cost of about $63.97 billion. The purchase was funded with $15.7 million from MSTR share sales and $13 million in cash. Strategy also repurchased about $176.3 million of STRC shares between September 28 and October 4. For Q3, the company estimates a $20.91 billion gain on digital assets, with its bitcoin holdings carrying a value of $70.82 billion as of September 30.

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6. CR

   CryptoSlateArticle · 2d ago

   Strategy buys just 334 Bitcoin as preferred-share buybacks reach $1.45 billion Strategy (formerly MicroStrategy) made its smallest positive Bitcoin purchase of 2026 even as a 43% quarterly rally in the cryptocurrency helped generate a $20.9 billion gain on its digital-asset holdings. In an Oct. 5 filing with the US Securities and Exchange Commission (SEC), the Michael Saylor -founded company said it bought 334 Bitcoin for $28.7 million between Oct. 1 and Oct. 4 at an average price of $85,838.80, taking its holdings to 848,000 BTC. The acquisition fell below the previous yearly low of 520 BTC bought in June. The slowdown contrasts with the performance of Strategy’s existing Bitcoin position. Bitcoin gained about 43% during the third quarter , lifting the carrying value of the company’s holdings to $70.82 billion as of Sept. 30. Strategy estimated a $20.91 billion digital-asset gain for the quarter under fair-value accounting. The gain does not represent realized trading profit, but the rally pushed its Bitcoin value above its roughly $63.97 billion aggregate acquisition cost. Chaitanya Jain, Strategy’s head of investor relations, said : “Every $1,000 increase in BTC price [during the third quarter represented] a $848 million fair market value gain to Strategy.” Yet comparatively little new capital went toward adding to that position during the past week. Strategy sold 92,894 MSTR shares for $15.7 million to help finance the latest purchase and supplied another $13 million from cash. It acquired 848,000 BTC at an average cost of $75,440.70 each. At the same time, the company continues to commit considerably more capital to STRC, its variable-rate perpetual preferred stock. STRC support enters another phase Strategy spent $176.3 million repurchasing about 1.77 million STRC shares between Sept. 28 and Oct. 4, more than six times what it spent buying Bitcoin during the latest reporting period. The purchases pushed total spending under its preferred-stock repurchase authorization to roughly $1.45 billion, leaving $547.2 million available under a program that Strategy doubled to $2 billion in September. Despite that intervention, STRC has yet to return sustainably to its $100 stated amount. Strategy's own investor materials say its objective is for STRC to trade over time between $99 and $100. The preferred security last closed at $100 in mid-May and has remained below that level for nearly 100 consecutive trading sessions, even after recovering sharply from its summer lows. The company has already taken several steps to close that gap. It raised STRC's annual dividend rate to 12%, began systematic repurchases and shifted dividend payments from monthly to semi-monthly earlier this year. Strategy said that June change was intended to improve the product's trading characteristics. It is now proposing another redesign. In a definitive proxy filed Monday, Strategy asked MSTR shareholders to approve daily dividends across its four US-listed preferred securities. STRC dividends would accrue on every calendar day, including weekends and holidays, and be payable on the next business day. The annual dividend rate would not increase solely because of the amendment. Instead, Strategy argues that shortening the gap between earning and receiving dividends could reduce price fluctuations, improve liquidity, and attract additional demand. For STRC specifically, the company says the proposal is intended to support trading at or near its $100 stated amount. Its September investor presentation reiterated that the company's objective remains for STRC to trade between $99 and $100 over time. That makes the proposal the latest step in an increasingly expensive effort to establish STRC as a stable funding instrument for Strategy's broader Bitcoin strategy. Oct. 28 vote tests Strategy’s preferred-stock funding model The stakes extend beyond whether STRC can close the remaining gap to $100. Strategy has increasingly relied on preferred securities as another route to raise capital without issuing only common stock or debt. The company told shareholders that improving liquidity and demand across those securities could make future preferred-equity issuance more efficient, potentially expanding the pool of capital available for Bitcoin purchases. That puts the Oct. 28 vote directly into Strategy’s Bitcoin-financing strategy. MSTR shareholders of record as of Sept. 25 will decide whether STRC and Strategy’s three other US-listed preferred securities can move to daily dividend accruals. STRC holders themselves will not vote on the amendment. If approved, STRC would begin accruing dividends daily on Nov. 1, with the first payment under the revised schedule due Nov. 2. The proposal arrives after an earlier recovery benchmark passed without STRC returning to par . Strategy had highlighted the roughly 70 trading days the security needed to reach $100 after its original launch, a comparison that pointed to early September during the latest rebound. STRC has since moved much closer to that level but remained below $100 after nearly 100 consecutive trading sessions. The vote therefore gives Strategy a near-term test of whether changes to STRC’s market structure can reduce the amount of company capital required to support the security. Failure to establish STRC sustainably around $100 would leave Strategy with a harder choice: continue using cash for repurchases, tolerate a persistent discount that could make future preferred issuance less attractive, or adjust the product's economics again. Any of those outcomes would affect how efficiently Strategy can finance the next phase of its Bitcoin accumulation. The post Strategy buys just 334 Bitcoin as preferred-share buybacks reach $1.45 billion appeared first on CryptoSlate .

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7. BM

   Bitcoin Magazine@BitcoinMagazinePost on X · 3d ago

   JUST IN: Public companies Strive, Metaplanet, and Strategy bought a combined 3,334 Bitcoin worth $286.9 million. Strive: 2,000 BTC Metaplanet: 1,000 BTC Strategy: 334 BTC https://t.co/sMFTpB0tAB

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8. BS

   BSCN@BSCNewsPost on X · 2d ago

   Strive Closes in on MARA With its Biggest Bitcoin Buy Since June Strive bought 2,000 Bitcoin bitcoin:native for about $169 million between Sept. 28 and Oct. 2. The purchase was its largest since June, lifting total holdings to 29,462 BTC. This puts Strive just 6,115 BTC behind MARA’s 35,577 BTC treasury. The company funded most of the purchase through preferred share sales and warrant exercises. Strive also acquired 8,137 BTC during the third quarter at an average $78,885.

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9. UN

   UnchainedArticle · 3d ago

   Strive Buys 2,000 Bitcoin and Discloses a Buyback Facility for Its Preferred Stock Strive bought 2,000 bitcoin last week, more than in any of its previous four weekly buys, and disclosed a facility to buy back up to $500 million of its preferred stock. The Dallas-based company disclosed in a Form 8-K on Monday that it paid an average of about $84,422 a coin, including fees and expenses, for purchases made between Sept. 28 and Oct. 2. Holdings rose to 29,462 BTC , from 27,462 a week earlier. “Strive acquired 2,000 $BTC for $169M at an average cost of $84,422 per bitcoin, bringing total holdings to ₿29,462,” CEO Matt Cole wrote on X. He said 61.5% of the capital raised came from SATA , the company’s variable-rate perpetual preferred stock, and that warrant exercises brought in $56.7 million . The filing shows SATA shares outstanding up about 1.3 million on the week, to roughly 13.5 million. Shares underlying Strive’s traditional warrants fell by about 2.1 million. Strive’s four prior weekly buys ranged from 469 BTC to 1,375 BTC . Get Unchained’s crypto news in your inbox with the free Unchained Daily newsletter . A Buyback for SATA The 8-K said Strive “has implemented a repurchase facility of up to $500 million for SATA,” which management can use from time to time. None of the company’s four previous weekly bitcoin filings mentioned it. The company said in the filing that it views bitcoin as “attractively priced at current levels.” As long as bitcoin stays under $100,000, management aims to push its amplification ratio above 60% and keep it there. The ratio was 55.3% at Sept. 30, which matches SATA’s $1.29 billion stated amount divided by the $2.34 billion value of its bitcoin. The company also said it “intends to remain debt-free.” Third-Quarter Snapshot Strive added 8,137 BTC in the third quarter at an average of $78,885. At Sept. 30 it held 28,000 BTC bought at an average of $90,170 , above the $83,577 bitcoin price the filing used for that date. Its total treasury, which includes $284.7 million in cash and $50.2 million of Strategy’s STRC, came to about $2.68 billion , with no debt. Strive reported a quarter-to-date BTC Yield, its measure of the change in bitcoin held for each share, of 18.5% . The quarterly figures are preliminary and unaudited. Related Listen: The Chopping Block: Bitget’s 388 Million Dollar Hack, Kalshi’s Cooked Perps Volume, and Agentic Bank Runs The post Strive Buys 2,000 Bitcoin and Discloses a Buyback Facility for Its Preferred Stock appeared first on Unchained .

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10. CR

    CryptoSlate@CryptoSlatePost on X · 2d ago

    Strategy spent $28.7M buying 334 $BTC on Oct. 1–4, while STRC buybacks cost $176.3M over Sept. 28–Oct. 4. Preferred-share buybacks total $1.45B. Shareholders vote Oct. 28 on daily dividend accruals; the annual rate would not rise solely from the change. https://t.co/MMdUFrnBuN

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