Strategy Makes Third Bitcoin Purchase in October, Spending $73 Million This Month
(1 hour ago) · 1 source · Summarized by CryptoBipto
Strategy, the company formerly known as MicroStrategy, has made its third Bitcoin purchase in October 2026, bringing its total spending for the month to $73 million. The purchase continues the company's well-known pattern of accumulating Bitcoin as a core part of its corporate treasury strategy.
WHY IT MATTERS
Strategy is a publicly traded company that has made Bitcoin a central part of how it stores its corporate funds — similar to how a traditional company might keep cash reserves in a bank account, except Strategy has chosen to hold Bitcoin instead. When a large company like this keeps buying Bitcoin regularly, it draws attention because it signals that at least some major corporations view Bitcoin as a legitimate asset to hold on their balance sheet. For newcomers to crypto, this is a notable example of institutional adoption — meaning big, established companies participating in the cryptocurrency market rather than just individual investors.
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- bitcoinmagazine.com
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