Strategy (NASDAQ: MSTR), formerly known as MicroStrategy, purchased 334 Bitcoin between October 1 and October 4, 2026, according to an SEC Form 8-K filing disclosed on October 5.

The company spent a combined $28.7 million on the bitcoin acquisition, at an average price of $85,838.80 per coin, a comparatively modest outlay against recent purchasing activity.

The purchase was funded through two sources: $15.7 million in net proceeds from the sale of 92,894 shares of Class A common stock, and $13.0 million drawn from the company’s USD cash reserves.

No shares from any of Strategy’s preferred stock series, including STRF, STRC, or STRK, were sold during the reporting period to fund the bitcoin purchase.

As of October 4, 2026, Strategy held a total of 848,000 Bitcoin, acquired at a cumulative cost basis of approximately $63.97 billion, averaging $75,440.70 per coin across all purchases.

The latest buy follows Strategy’s prior-week acquisition of 1,665 BTC during September 21 through 27, when the company spent $142.7 million at an average price of $85,681 per coin, lifting total holdings to 847,666 BTC.

While the Bitcoin purchase was restrained, Strategy’s buyback activity told a different story, with the company repurchasing approximately 1.7 million shares of its STRC preferred stock for roughly $176 million across the combined reporting periods.

Specifically, 1,033,168 STRC shares were repurchased for $102.6 million between September 28 and September 30, followed by an additional 700,000-plus shares bought back between October 1 and October 4.

As of October 4, $547.2 million remained available under Strategy’s digital credit securities repurchase program, while $1.0 billion remained under its MSTR stock repurchase program.

The company’s USD Reserve stood at $4.88 billion as of the same date, supported by a USD cash balance of $833.4 million, providing substantial dry powder for future capital allocation decisions.

Strategy also released preliminary third-quarter 2026 financial estimates, reporting an estimated $21 billion in digital asset gains for the quarter, with a digital asset carrying value of approximately $70.82 billion.

The company disclosed a net deferred tax liability of $1.88 billion related to its Bitcoin holdings, and noted that a $4.12 billion deferred tax asset recorded as of June 30, 2026 was reversed during the quarter.

Executive Chairman Michael Saylor confirmed the results on X, formerly Twitter, stating that Strategy recorded “$21 billion in digital asset gains in Q3 2026” and that the company’s USD duration stood at 3.6 years.

The contrast between the small Bitcoin purchase and the large preferred stock buyback signals a deliberate shift in short-term capital deployment, with Strategy prioritizing its STRC repurchase program over aggressive Bitcoin accumulation during the period.