Strategy Adds 1,037 Bitcoin, Bringing Holdings to 850,364 BTC

Strategy reported buying 1,037 Bitcoin, lifting its corporate treasury to 850,364 BTC. The acquisition came a week after an 811-coin purchase and pushed the company above 850,000 BTC.

Before the latest buy, Strategy reported 849,327 BTC. The difference between the two totals is 1,037 coins. The newer tranche was also 226 BTC larger than the previous one.

Strategy, formerly known as MicroStrategy, remains the largest publicly traded corporate holder of Bitcoin. It has completed dozens of purchases in 2026, adding tens of thousands of coins during the year.

Executive Chairman Michael Saylor regularly updates investors and his social-media audience about holdings and market moves. He remains the public face of Strategy’s accumulation schedule.

What does this change for Strategy shareholders?

The latest addition extends a capital-raising model built around common equity and preferred-stock management. Every sale of Class A common stock through the at-the-market program creates new shares and dilutes existing shareholders. The investment case therefore rests on Bitcoin acquired with raised capital gaining enough value over time to offset the ownership surrendered and any dilution borne by existing shareholders.

Strategy’s filings with the U.S. Securities and Exchange Commission provide the clearest recent numbers. The company bought 811 BTC for about $65.5 million between Oct. 26 and Nov. 1, 2026, at an average price of roughly $80,846 per coin.

During that same period, Strategy sold 1,178,552 Class A common shares through its ATM program. The sales generated about $164 million in net proceeds. Those proceeds provided the main funding source for the prior Bitcoin purchase.

Not every dollar went into Bitcoin. During the same window, Strategy spent $208.2 million repurchasing its STRC preferred stock. That transaction shows the company managing the cost and composition of its preferred capital rather than relying only on new common-equity issuance.

Strategy also reported about $4.9 billion in U.S.-dollar reserves. The reserve lowers financing pressure. It does not remove dilution or execution risk.

The disclosed sales and repurchases cover the 811-coin purchase window. The figures provided do not state an average price for the 1,037-coin addition.

The cost of the prior tranche deserves close attention. Based on the 849,327 BTC balance before the latest purchase, Strategy’s average acquisition cost stood at about $75,451 per Bitcoin. Its total cost basis was roughly $64.08 billion.

The $80,846 average paid for the 811-coin purchase sat above that blended average. Continued purchases above the blended cost would push the average higher and reduce the cushion between carrying cost and market value.

Bitcoin’s fixed supply provides the scale. The protocol caps issuance at 21 million BTC, and the 849,327-coin position represented approximately 4% of that ceiling before the latest acquisition. Strategy’s holdings now exceed 850,000 BTC, but each additional purchase still requires fresh capital, and buying above the historical basis raises the average.

That trade-off is not new. Strategy has used ATM issuance to add Bitcoin throughout 2026, while Saylor has served as the public face of the accumulation strategy. Shareholders should watch the blended basis, not only the coin count. A larger treasury does not erase dilution.

The next holdings filing is the near-term checkpoint: it will show whether the 1,037-coin purchase lifts the blended cost basis and how continued ATM issuance affects shareholder dilution as the treasury grows.