Strategy made its third-largest Bitcoin purchase of 2026 last week, spending $200 million to acquire roughly 3,015 BTC at an average price of about $67,700. The deal lifted the company’s total Bitcoin holdings to around 720,737 BTC, keeping it among the largest corporate holders of the asset.
Data cited from Lookonchain puts the value of those holdings at about $47.45 billion. Even so, the company is still sitting on an unrealized loss of roughly $7.32 billion, equal to a decline of about 13.36%. The latest buy shows Strategy is still adding to its position during a volatile stretch in the market.
STRC preferred shares remain a core funding tool
Alongside direct Bitcoin purchases, Strategy has been leaning on its preferred share product, STRC, to support ongoing accumulation. Michael Saylor has described the instrument as “digital credit”. Last week, the company raised $33 million through STRC, while sales of common stock brought in another $230 million.
Saylor said the move toward digital credit matches the company’s “indefinite Bitcoin horizon.” In practical terms, Strategy is using that structure to keep capital flowing into Bitcoin purchases while reducing dilution pressure on common shareholders.
Billions raised through STRC since launch
Since launch, Strategy has issued $3.4 billion in STRC, including a $2.5 billion IPO in July. Over the past month alone, STRC issuance generated $85.5 million, adding to the $450 million raised from common shares during the same period.
The company also increased STRC’s monthly dividend to 11.5%, the seventh adjustment so far. According to the source material, that structure has helped Strategy build up billions in cash and support continued Bitcoin reserve growth while paying dividends in advance.
Bitcoin near $68,193 leaves paper losses in place
At the time of publication, Bitcoin was trading around $68,193. At that level, Strategy’s Bitcoin stash implied about $5.3 billion in paper losses. The company also reported a $12.4 billion loss last quarter tied to market swings, which Saylor characterized as temporary fluctuation.
The broader picture is clear from the company’s financing mix. Strategy is leaning harder on preferred shares as it continues to expand its Bitcoin reserves, keeping its long-term accumulation plan intact even while market prices remain below its cost basis.