MicroStrategy Nears 1 Million Bitcoin Milestone Amid Capital Structure Shift

MicroStrategy has acquired 1,665 BTC between September 21 and September 27, 2026, bringing its total holdings to 847,666 BTC. According to an SEC 8-K filing, the company purchased these coins at an average price of $85,681, with total acquisition costs reaching $63.95 billion. The firm is now approximately 152,000 BTC away from its one-million-coin goal, representing nearly 4.8% of the total 21 million supply. The company is simultaneously managing its capital structure by using dollar reserves to repurchase preferred shares and cover dividends, signaling that its accumulation strategy is now deeply integrated with its broader financial obligations.