Disclosure
Anthony Pompliano is Chairman and CEO of Silvia, Inc., formerly ProCap Financial. ProCap was launched in 2025 as a public bitcoin treasury company, the business model Strategy pioneered. That makes Silvia a peer and potential competitor of Strategy.
The short answer: Strategy (Nasdaq: MSTR), formerly MicroStrategy, calls itself the world's first and largest bitcoin treasury company. Led by founder and Executive Chairman Michael Saylor, it held 848,517 bitcoin as of October 18, 2026, bought at an average price of $75,446. It funds its purchases partly by selling preferred stock such as STRC, known as "Stretch."
A company profile from The Pomp Podcast, hosted by Anthony Pompliano. Last updated: October 24, 2026.
Key takeaways
Strategy, formerly MicroStrategy, buys and holds bitcoin and calls itself the world's first and largest Bitcoin Treasury Company.
It held 848,517 bitcoin as of October 18, 2026, bought for about $64.02 billion.
Michael Saylor is founder and Executive Chairman, and Phong Le is President and CEO.
What is Strategy?
MicroStrategy renamed itself Strategy on February 5, 2025, calling itself "the world's first and largest Bitcoin Treasury Company." Its core strategy is buying and holding bitcoin, and selling stock and other securities to pay for those purchases.
Who runs Strategy?
Michael Saylor is Strategy's founder and Executive Chairman, and Phong Le is President and CEO, according to the rebrand announcement.
How much bitcoin does Strategy own?
According to an SEC filing on October 19, 2026, as of October 18, 2026 Strategy held:
848,517 bitcoin, bought for about $64.02 billion in total.
An average purchase price of $75,446 per bitcoin.
In the week covered by that filing, Strategy bought 267 bitcoin for $22.1 million and bought back 1,938,780 shares of its STRC preferred stock for $193.1 million. Strategy's market value was about $56.1 billion at the October 23, 2026 close, according to StockAnalysis.
What is Stretch (STRC)?
STRC is Strategy's "Variable Rate Series A Perpetual Stretch Preferred Stock," per its SEC filing. It is one of several preferred stocks, along with STRF, STRK and STRD, that Strategy sells to raise money for bitcoin purchases. These preferred shares pay dividends and carry their own risks, separate from the common stock.
What did The Pomp Podcast say about Strategy?
On the October 17, 2026 episode with Jordi Visser, "Is Bitcoin Ready To Rip While Wall Street Breaks? | Jordi Visser", Jordi used Stretch to argue against panic selling while talking about CoreWeave's debt. Quotes below are from the episodes, with timestamps.
"Remember when Stretch, Michael Saylor's product, traded down to 75?"
"The Stretch things went all the way back up to par."
On the October 20 episode, "Bitcoin Is Just Getting Started, Says Billion Dollar Investor | Moez Kassam", Moez Kassam of Anson Funds said the bitcoin treasury company trend started with Saylor and MicroStrategy, which offered investors a leveraged way to play bitcoin instead of buying it directly. He warned that deals got worse as more companies piled in.
Every Pomp Podcast episode that discussed Strategy
Strategy came up in 2 recent episodes of The Pomp Podcast. Each link opens the YouTube video at that moment.
Oct 17, 2026: Is Bitcoin Ready To Rip While Wall Street Breaks? | Jordi Visser. Jordi compared CoreWeave's debt selloff to Stretch's recovery. Timestamps: 15:45 (Stretch and CoreWeave debt).
Oct 20, 2026: Bitcoin Is Just Getting Started, Says Billion Dollar Investor | Moez Kassam. Kassam on how Saylor started the bitcoin treasury trend. Timestamps: 9:17 (Saylor and treasury companies).
Watch or listen to the episode
Is Bitcoin Ready To Rip While Wall Street Breaks? | Jordi Visser, released October 17, 2026. Stretch comes up at 16:01.
Opinions from guests on The Pomp Podcast are their own. Nothing on this page is a recommendation to buy or sell any security.
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Disclosure: Anthony Pompliano is Chairman and CEO of Silvia, Inc. For educational purposes only; not financial advice.
Where can I follow Strategy?
Strategy publishes its bitcoin holdings and filings on its website.
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Frequently asked questions
What is Strategy?
Strategy, formerly MicroStrategy, buys and holds bitcoin and sells securities to fund those purchases. It calls itself the world's first and largest Bitcoin Treasury Company.
How much bitcoin does Strategy own?
848,517 bitcoin as of October 18, 2026, bought for about $64.02 billion at an average of $75,446 each, according to an SEC filing.
Who runs Strategy?
Michael Saylor is founder and Executive Chairman. Phong Le is President and CEO.
Why did MicroStrategy change its name?
The company renamed itself Strategy on February 5, 2025, as part of its focus on bitcoin.
What is STRC?
STRC, or Stretch, is Strategy's Variable Rate Series A Perpetual Stretch Preferred Stock. Strategy sells it to fund bitcoin purchases.
Sources
Last updated: October 24, 2026
Anthony Pompliano is an entrepreneur, investor, and author who serves as Chairman and CEO of Silvia, Inc (SVIA) and invests through Pomp Investments. He is the host of The Pomp Podcast, where he interviews founders, investors and economists about bitcoin, markets, AI and the economy.
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This profile is for informational purposes only and reflects reporting available as of October 24, 2026, plus opinions shared on The Pomp Podcast. It is not investment advice. Do your own research before making any investment decision.
