Strategy Holds 848,250 BTC as Saylor Hints at More Buys

Strategy co-founder Michael Saylor has signaled potential further Bitcoin purchases following regulatory disclosures showing the firm's total cryptocurrency reserve stands at 848,250 BTC, according to Cryptonews.

In an October 18 post on social platform X, Saylor shared a chart tracing the company’s Bitcoin purchase history with the caption, “We found room for more orange.” The message followed his customary approach of posting accumulation charts before transaction announcements, though the post did not confirm executed trades, transaction sizes, or purchase dates.

Treasury Holdings and Share Repurchases

According to Strategy’s October 12 filing with the U.S. Securities and Exchange Commission, the company purchased 250 BTC between October 5 and October 11. Strategy spent approximately $21.5 million on those coins, representing an average price of $86,194 per token including transaction fees and expenses. The transaction lifted aggregate treasury holdings to 848,250 BTC, acquired for roughly $64 billion at an average cost of $75,444 per Bitcoin.

The company funded $21 million of the acquisition through the sale of 125,183 Class A common shares (MSTR), with the remaining $500,000 sourced from cash reserves. Strategy reported that approximately $18.81 billion in MSTR shares remained authorized for future issuance under its at-the-market equity program as of October 11.

Capital allocation during the period heavily favored equity buybacks. Strategy spent $192.4 million repurchasing 1,932,145 shares of its Variable Rate Series A Perpetual Stretch Preferred Stock (STRC)—nearly nine times the $21.5 million directed into Bitcoin.

Portfolio Valuation

With Bitcoin trading near $81,059 on October 18, Strategy’s reserve carried an indicative value of approximately $68.76 billion. The valuation represents an unrealized difference of roughly $4.76 billion above its reported acquisition cost, before accounting for debt obligations, taxes, or adjustments.

Key facts

• Strategy holds 848,250 BTC acquired for approximately $64 billion at an average purchase price of $75,444.
• The company purchased 250 BTC for $21.5 million between October 5 and October 11 at an average price of $86,194.
• STRC preferred share repurchases totaled $192.4 million during the same seven-day window.
• Strategy retained $18.81 billion in MSTR common share issuance capacity under its at-the-market program as of October 11.