Strategy (MSTR) shares rose approximately 7% in Monday’s premarket trading, reaching about $164 compared with Friday’s close of $153.92. The move followed Bitcoin’s rise above $85,000, with the cryptocurrency reaching $85,166, its highest level since January 29.

Bitcoin gained more than 5% over the previous 24 hours and advanced in four of the last five trading sessions. The latest move extended a recovery that began when Bitcoin traded near $75,000 on September 15. It reclaimed $80,000 last Friday before crossing $85,000 on Monday.

Strategy has acquired 950 $BTC and repurchased $174M of $STRC . As of 9/20/26, we hold 846,000 BTC and $6.09B of USD Assets. $MSTR — Michael Saylor (@saylor) September 21, 2026

Michael Saylor also shared the company’s disclosure on X. The announcement confirmed that Strategy had resumed Bitcoin purchases after approximately three weeks without an acquisition.

Strategy Adds 950 Bitcoin to Treasury

Strategy purchased 950 BTC between September 14 and September 20 for approximately $75.7 million. Including fees and expenses, the average acquisition price was $79,670 per Bitcoin — below the $85,166 level Bitcoin reached on Monday.

The transaction increased the company’s total Bitcoin holdings to 846,000 BTC. Strategy said its cumulative investment in the cryptocurrency was approximately $63.8 billion, representing an average cost of $75,416 per coin.

With Bitcoin trading near $85,000 on Monday, Strategy’s holdings had a market value of roughly $72 billion. That implied unrealized gains of more than $8 billion relative to the company’s total investment basis.

Strategy funded the purchase from its USD Cash reserves rather than issuing additional common stock. The company has historically financed much of its Bitcoin accumulation by issuing new equity and fixed-income securities, which makes the use of existing dollar balances the distinguishing feature of this acquisition. Strategy also did not sell MSTR shares through its at-the-market offering program during the period.

In addition, Strategy repurchased approximately 1.77 million STRC preferred units for $174 million. At the end of the period, the company held approximately $5.04 billion in its USD Reserve and $1.05 billion in USD Cash, for combined dollar assets of more than $6 billion.

Cryptocurrency-Linked Stocks Move Higher

Bitcoin’s advance also lifted other cryptocurrency-related equities in Monday’s premarket session. Coinbase shares gained approximately 5.3%, while Robinhood shares rose roughly 5%. Both companies draw part of their revenue from cryptocurrency trading activity, an exposure that tends to make their share prices sensitive to Bitcoin’s swings.

Strategy had already gained 16.4% during the previous week before Monday’s premarket move. Its shares finished Friday at $153.92, while Bitcoin rose approximately 5.3% over the same weekly period.

The Bitcoin rally continued despite recent developments including the failure of the Clarity Act, a proposed U.S. digital-asset market-structure bill, and a Federal Reserve interest rate adjustment. Recent regulatory changes have included temporary exemptions from the U.S. Securities and Exchange Commission intended to facilitate certain tokenized-stock trading activities.

Short-position liquidations also contributed to the market’s price movement. Liquidations occur when exchanges automatically close leveraged positions whose collateral is exhausted, forcing short traders to buy back the asset to exit, which can reinforce upward pressure during a rally. CoinGlass data cited by The Block showed more than $750 million in cryptocurrency liquidations over a 24-hour period, including approximately $648 million from short positions.

Despite reaching an eight-month high on Monday, Bitcoin remained well below its October 2025 record near $126,000. The cryptocurrency was approximately 33% below that all-time high.

The latest company disclosure marked Strategy’s first Bitcoin acquisition since the end of August and placed its holdings at 846,000 BTC. The company’s combined USD Reserve and USD Cash balances remained above $6 billion. The next weekly filing will show whether the cash-funded buying pattern continues.

Source: Blockonomi