MicroStrategy purchased 334 bitcoin for $28.7 million, according to a Form 8-K filing disclosed October 5, 2026. The purchase pushes the company's total holdings to 848,000 bitcoin, the largest stash held by any publicly traded corporation.
MicroStrategy's bitcoin accumulation now spans years of continuous buying. At current holdings of 848,000 BTC, the company owns roughly 4.2 percent of bitcoin's total supply of 21 million coins. The average cost basis across the entire position stands near $33,600 per coin, according to company statements, meaning current holdings would be worth more than $28 billion at the October 5 price point.
Chairman Michael Saylor has made bitcoin purchases central to MicroStrategy's capital allocation strategy since 2020. The company has deployed more than $9 billion in cumulative purchases across that span. Each new purchase gets announced in SEC filings, with Saylor reaffirming the strategy on social media. MicroStrategy's buying occurs on a regular monthly cadence.
The 334-coin purchase represents a typical monthly clip for the company. MicroStrategy has averaged between 300 and 500 coins per month in recent quarters. The company also issued convertible notes in September 2024 specifically to fund additional bitcoin purchases, locking in a dedicated funding stream independent of operational cash flow.
MicroStrategy trades on the NASDAQ as ticker MSTR and competes with other corporate treasury allocators including Tesla, which holds roughly 9,700 bitcoin acquired between 2020 and 2021, and Block Inc., which has accumulated more than 10,000 coins through Square Crypto and other units. MicroStrategy's 848,000-coin position dwarfs both competitors by an order of magnitude.
At an average acquisition cost of $33,600 and a purchase price of roughly $86,000 per coin on October 5, MicroStrategy's position carries an unrealized gain of more than $44 billion on the portion acquired since 2020. The company consolidates all bitcoin holdings as a single intangible asset on its balance sheet rather than marking them to market quarterly.
If MicroStrategy continues purchases at its current 400-coin-per-month average, the company would add 4,800 coins annually, assuming capital availability remains stable. The holding represents a structural bet that bitcoin will appreciate faster than the cost of capital MicroStrategy deploys to acquire it.
