Michael Saylor’s Strategy Forecasts $20.9B Q3 Digital-Asset Gain As MSTR Bitcoin Stack Hits 848,000 BTC

Michael Saylor-backed Strategy (MSTR) shares moved higher in early morning trade on Monday, along Bitcoin (BTC) in the green, with the company estimating a $20.91 billion gain on digital assets for the third quarter and disclosing its latest Bitcoin purchase that pushed its holdings to 848,000 BTC.

MSTR stock rose around 2.4% in pre-market. On Stocktwits, retail sentiment around the Bitcoin treasury trended in ‘bullish’ territory over the past day.

In its filing with the Securities and Exchange Commission (SEC), Strategy disclosed that it had bought its latest Bitcoin bundle for $28.7 million, paying an average price of $85,839 per BTC.

At the time of writing, Bitcoin’s price was trading at around $86,000, up nearly 1% in the last 24 hours, paring gains after the apex cryptocurrency came within about $500 of its late-September peak earlier in the day. On Stocktwits, retail sentiment around Bitcoin shifted to ‘neutral’ to bearish’ over the past day.

Strategy’s Bitcoin Treasury Reaches 848,000 BTC

The latest purchase brings Strategy’s total Bitcoin holdings to 848,000 BTC. The company said its Bitcoin holdings carry a total cost of about $63.97 billion.

Strategy partly funded the purchase by selling 92,894 shares of its common stock, raising approximately $15.7 million. The company also used $13 million of its USD Cash to fund Bitcoin purchases during the period.