Cryptocurrency

Strategy Bought 950 Bitcoin at $79,670 Last Week. Will Michael Saylor Keep Buying at $84,000?

Michael Saylor just resumed Bitcoin buying after months of selling, but now a competing financial priority is draining the same cash reserves he uses to stack more coins.

By Sam Daodu
Published September 24, 2026, 4:18pm ET · 3 min read

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A man in a dark suit with a light blue shirt and a yellow and blue striped tie stands in the foreground, looking directly ahead with a serious expression. In the blurry golden background to his left is a large, detailed golden Bitcoin coin, featuring the 'B' symbol and circuit board patterns. The overall lighting is warm, with a dark brown to black background.
An investor stands confidently before a prominent Bitcoin coin, symbolizing corporate strategy and significant digital asset investments as Bitcoin's value fluctuates. © Canva | LastSax from Getty Images Signature and Tiero

Strategy (NASDAQ:MSTR | MSTR Price Prediction), the company chaired by Michael Saylor, said it purchased 950 Bitcoin (CRYPTO:BTC) at an average price of $79,670, totaling about $76 million. This latest buy increased its total Bitcoin holdings to approximately 846,000 BTC.

Bitcoin is trading at $84,388, about 6% above the purchase price, while Strategy’s stock is near $159, up 25.8% over the past week. The question now is: Will Michael Saylor continue to buy at the $84,000 mark?

Strategy Has Bought Twice in September After Selling Bitcoin Earlier in 2026

A black magnifying glass rests over a digital display showing a stock market candlestick chart against a dark blue background. The chart features numerous red and green candlesticks. Underneath the magnifying glass, the word 'BUY' is visible in bright green text.

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This recent purchase of 950 Bitcoin is Strategy’s second buy this month. On September 8, the company disclosed that it bought 4,603 BTC for roughly $80,300 each, totaling about $370 million. This marked Strategy’s return to buying after a two-month pause.

Earlier in 2026, Strategy sold Bitcoin four times, which was its first sales activity since 2022. The board approved selling up to $1.25 billion in Bitcoin to build a cash reserve for dividends. The initial sale occurred in late May, when it sold 32 BTC for $2.5 million, and total sales have reached around $218.4 million in 2026.

This means that Strategy now holds fewer Bitcoin than it did in June, when it had 847,363 BTC—around 1,400 more than the current figure. Nevertheless, with an average cost of about $75,650 per coin back in June, its entire Bitcoin portfolio remains about 12% profitable at the current Bitcoin price of $84,388.

Strategy Pays for Bitcoin by Selling Stock, Not From Its Software Business

Discover the Most Expensive Stock in the World

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Strategy’s software division generated roughly $63 million in subscription revenue in the second quarter, which pales in comparison to a Bitcoin position valued at nearly $49.7 billion. Consequently, the company finances its Bitcoin purchases by issuing new shares of MSTR stock and preferred stock, functioning as a treasury company focused on Bitcoin.

The main preferred stock, STRC, offers a 12% annual dividend and aims to trade around $100 a share. Currently, S&P rates Strategy at B-, which is below investment grade and limits pension funds and insurers from investing in its securities.

MSTR’s 30% Climb Raises More Cash, but STRC Buybacks Compete for It

A bright teal green arrow points diagonally upwards and to the right, signifying growth or an increase. The arrow is set against a dark, out-of-focus background that appears to be a financial chart with blurred red and green lines or candlesticks.

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MSTR’s stock price performance directly affects how effectively Strategy can raise capital. The stock began August at roughly $123 and has risen to around $159, a 30% increase. As a result, selling new shares now raises more funds to buy Bitcoin. Saylor emphasized this strategy during the fourth-quarter earnings call in 2025, stating, “When our equity trades weak, we don’t sell it.”

Additionally, Strategy recently allocated funds to repurchase its own stock. Between September 8 and 13, it bought back about 1.42 million shares of STRC for $139 million, at around $98 each—nearly double the $76 million spent on the 950 BTC. The company still has $1.05 billion available under the preferred buyback program, along with $5.1 billion set aside for dividends and $1.3 billion in cash for other uses.

Will Michael Saylor Continue Buying Bitcoin at $84,000?

It’s likely, but perhaps in smaller, more intermittent amounts. The recent 25.8% gain in MSTR makes new stock sales cheaper, giving Michael Saylor the funds to keep buying. However, the cash used for STRC buybacks and the available dividend reserve now compete for those financial resources.

The outcome will be telling. If Monday’s next filing shows another purchase near $84,000, we may see a renewed commitment to buying. Conversely, if the filing indicates a sale or if the activity focuses solely on STRC buybacks, it would indicate that the stop-and-start buying approach of 2026 is likely to continue.

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Sam Daodu

Sam Daodu is a crypto analyst and the editor of 24/7 Wall St.'s Crypto Desk, where he covers Bitcoin, XRP, Ethereum, Solana and the altcoins investors search for most. His work focuses on price levels, spot ETF flows, on-chain data and the regulatory decisions that move crypto markets, written so a first-time buyer and a seasoned trader can both use it.
Sam has written about crypto professionally since 2019 and has published more than 2,000 articles. Before joining 24/7 Wall St., he wrote for crypto media outlets and Web3 companies and ghostwrote for crypto founders and token launches. His analysis is syndicated on Yahoo Finance, MSN and AOL and has been cited by other crypto news sites. He also founded MacLabs Marketing, a content and personal branding agency for crypto founders and executives.
When he isn't reading charts, Sam is usually at the gym or watching One Piece, a series he maintains has better tokenomics than most altcoins.

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