# Strategy Inc Expands Bitcoin Holdings to 848,000 BTC Ahead of Treasury Update

- URL: https://stocks.freetheai.org/news/strategy-inc-expands-bitcoin-holdings-to-848-000-btc-ahead-of-treasury-update-b84c60
- Published: 2026-10-12T11:00:00Z
- Category: company_news; sentiment: mixed; impact: high
- Symbols: [NASDAQ:MSTR](https://stocks.freetheai.org/symbols/NASDAQ-MSTR)
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Strategy Inc Class A (NASDAQ:MSTR) added 334 Bitcoin to its reserves on Oct. 4 for approximately $28.7 million, at an average price of $85,839 per token. The purchase raised the company's total crypto holdings to 848,000 Bitcoin. To support its ongoing financing, Strategy Inc Class A sold 92,894 shares for $15.7 million and holds over $5 billion in cash reserves earmarked to cover preferred dividends and debt obligations.

The company reported a third-quarter Bitcoin-related fair value of $20.91 billion, reflecting an implied Bitcoin book value of $72.4 billion against a total purchase cost of $63.97 billion. Meanwhile, capital inflows remain steady as institutional backer Capital Group increased its stake to 2.19 million shares. However, recent share and preferred security sales have increased share count, diluting the amount of Bitcoin backing each Class A share.

Investors are looking ahead to two key events in late October. On Oct. 28, shareholders will participate in a special vote regarding a proposal to shift preferred dividend payments from semi-monthly or quarterly schedules to daily distributions. Following that, Strategy Inc Class A will release its third-quarter financial results after market close on Oct. 29, accompanied by a live webcast detailing a major update to its Bitcoin treasury strategy.

## Key points

- Strategy Inc Class A purchased 334 Bitcoin for roughly $28.7 million, bringing its total holdings to 848,000 BTC.
- Third-quarter Bitcoin fair value reached $20.91 billion, with an implied book value of $72.4 billion versus a cost of $63.97 billion.
- Recent issuances of equity and preferred shares have diluted the amount of Bitcoin attributable to each Class A share.
- Shareholders will vote Oct. 28 on converting preferred share dividend payments to a daily distribution schedule.
- The company scheduled its third-quarter financial results and a major Bitcoin treasury update for Oct. 29.

## Questions and answers

### How many Bitcoin does Strategy Inc Class A hold?

Strategy Inc Class A holds 848,000 Bitcoin after purchasing 334 BTC on Oct. 4 for approximately $28.7 million.

### When will Strategy Inc Class A report its Q3 earnings?

Strategy Inc Class A will report its Q3 2026 financial results after the U.S. market close on Oct. 29, followed by a live webcast on its Bitcoin treasury strategy.

### What is the proposed change for Strategy Inc Class A preferred dividends?

The company filed to convert its preferred share dividend payments from semi-monthly or quarterly distributions to daily payments, subject to a special vote on Oct. 28.