# Strategy Buys 334 Bitcoin as STRC Buybacks Reach $176 million By John Kim Canonical URL: https://www.tokenpost.com/news/business/30153 Published: 2026-10-12T09:19:38.000Z Updated: 2026-10-12T09:19:38.000Z Section: Business > The purchase lifted Strategy’s holdings to 848,000 BTC. Michael Saylor later posted a message that could signal another acquisition without confirming one. Strategy bought 334 Bitcoin (BTC) for $28.7 million from Oct. 1-4, bringing its holdings to 848,000 BTC as the company continued balancing digital-asset purchases with preferred-stock buybacks. The purchase averaged $85,838.80 per Bitcoin and was recorded as of 4 p.m. ET (8 p.m. UTC) Oct. 4. Strategy funded $15.7 million through net proceeds from Strategy stock sales and used $13 million in U.S. dollar cash for the remainder. The company’s 848,000 BTC cost an aggregate $63.97 billion, or an average of $75,440.70 per Bitcoin. The latest holdings and capital activity were previously detailed in [Strategy’s report on its 848,000 Bitcoin reserve](). During the broader reporting period, Strategy repurchased 1,773,802 shares of its STRC preferred stock for $176.3 million. The company bought back 1,033,168 shares for $102.6 million from Sept. 28-30 and another 740,634 shares for $73.7 million from Oct. 1-4. Strategy reported a $4.88 billion U.S. dollar reserve and $833.4 million in U.S. dollar cash as of Oct. 4. The cash could be used for future Bitcoin purchases, expansion of the dollar reserve or other capital-management purposes. On Oct. 11, Executive Chairman Michael Saylor posted a Bitcoin-tracker image with the message, “There’s always room for more orange.” The post could signal another purchase, but it did not confirm a transaction or provide an amount, price or timing. Strategy has not confirmed another acquisition. The company also estimated a $20.91 billion gain in the value of its digital assets and a $1.88 billion deferred tax expense for the quarter ended Sept. 30. The figures were prepared by management and had not been audited or reviewed by KPMG. ## Links in this article - [Strategy’s report on its 848,000 Bitcoin reserve](https://www.tokenpost.com/news/business/29872)