From 4 May 2026 to 10 May 2026, Strategy Inc. (NASDAQ: MSTR) bought 535 bitcoin for about $43.0M, at an average price of $80,340 per bitcoin inclusive of fees and expenses, according to its Form 8-K filed 11 May 2026.
Updated 19 October 2026 · priced on the recorded order books of the same days
−$703 / BTC · −87bp
| Bitcoin bought | 535 BTC |
|---|---|
| Filed average price (inclusive of fees) | $80,340 |
| Raw price (17.5bp stripped) | $80,200 |
| EnsoTrade price, same days | $80,902 |
| Difference per bitcoin | −$703 (−87bp) |
| Bitcoin difference for the same $43.0M | 4.7 BTC more at Strategy’s price |
| Market’s own volume-weighted average, same trading hours | $80,901 (raw −87bp against it) |
It is one of the 10 purchases out of 26 in 2026 where Strategy beat our price; ranked by gap, 2nd best for Strategy. Across the year Strategy stands at −$134 per bitcoin (−16.9bp) — see all of Strategy’s 2026 purchases.
When a filing states its average price “inclusive of fees and expenses,” we divide out an estimated 17.5bp stack for prime brokerage, the desk, market impact and custody. Raw price = filed price ÷ 1.00175. Where a filing says “net of fees” or carries no fee language, nothing is stripped. Our own fees always stay in our price.
The EnsoTrade price comes from our smart routers and smart models, run on the recorded order books of the same days for the same dollars. The routing and the models are proprietary.
Prepared by EnsoTrade from public filings and public market data. Neither company has reviewed it. Nothing here is investment advice. All scored purchases · Strive · Strategy