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MicroStrategy buys 950 Bitcoin, shares jump 9%

By Drooid · Sep 22, 2026, 2:18 AM UTC · How we work

Summary

MicroStrategy Buys Bitcoin

MicroStrategy purchased 950 Bitcoin for nearly $76 million, increasing its holdings to 846,000 BTC, about 4% of supply.
Bitcoin rose over 6% in 24 hours to nearly $86,000 during the purchase.
MicroStrategy shares jumped nearly 9% to $167, aided by a $174 million STRC repurchase.
STRC, created in 2025, raises cash for Bitcoin buys and pays dividends.
Bitcoin fell to $75,600 after Fed Chair Kevin Warsh announced a rate hike on Sept 16.

Summary

Nasdaq Sets Record

Nasdaq closed at a record level not seen since June, driven by AI-related equities.
Meta Platforms shares surged, anchoring the AI rally that lifted the index.
Gold prices fell as the U.S. dollar strengthened on expectations of a Federal Reserve rate hike.
Oil prices declined, limiting broader market losses despite the dollar’s rise.
Strategy repurchased 1,771,238 STRC preferred shares for $174.0 million, adding pressure on market liquidity.

History

Historical Context

Tesla’s $1.5 billion Bitcoin purchase announced on 8 February 2021 pushed the cryptocurrency to $44,141 and led the automaker to accept, then reject, Bitcoin by May over mining-energy concerns. Earlier that month, Musk’s #Bitcoin tweet prompted MicroStrategy to expand its holdings. Their corporate bets now revive Bitcoin rallies and significantly heighten market volatility.

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MicroStrategy Buys Bitcoin

MicroStrategy purchased 950 Bitcoin for nearly $76 million, increasing its holdings to 846,000 BTC, about 4% of supply.
Bitcoin rose over 6% in 24 hours to nearly $86,000 during the purchase.
MicroStrategy shares jumped nearly 9% to $167, aided by a $174 million STRC repurchase.
STRC, created in 2025, raises cash for Bitcoin buys and pays dividends.
Bitcoin fell to $75,600 after Fed Chair Kevin Warsh announced a rate hike on Sept 16.

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