Strategy expands preferred share buybacks to $3 billion and buys 267 Bitcoin
Strategy raised its preferred stock buyback authorization to $3 billion after repurchasing $193.1 million of its STRC shares, while also acquiring 267 Bitcoin for $22.1 million.
Strategy expanded its Digital Credit Securities Repurchase Program authorization from $2 billion to $3 billion after spending $193.1 million to repurchase 1,938,780 shares of its STRC preferred stock between Oct. 12 and Oct. 18, 2026, according to an SEC Form 8-K filing. The increased ceiling leaves $1.16 billion available for future repurchases under the program.[1][3][4]
During the same week, the Michael Saylor-led firm acquired 267 Bitcoin for $22.1 million at an average price of $82,900, fees included. The purchase pushed Strategy's total treasury to 848,517 BTC, acquired for a cumulative $64.02 billion at an average cost of $75,446 per coin. The Bitcoin acquisition was financed with $22.0 million in net proceeds generated from selling 140,872 MSTR common shares through its at-the-market program, alongside roughly $100,000 in cash.[1][3][4][6]
The STRC buybacks were paid out of USD Cash, which fell to $447.3 million as of Oct. 18 from $640.5 million a week earlier. The company also drew $45.5 million from its USD Reserve to cover preferred dividends, bringing the dedicated dividend and debt interest reserve to $4.83 billion and leaving the firm with about $5.3 billion in total USD assets.[2][3][4][5]
Key facts
- Strategy increased its preferred stock repurchase program authorization from $2.0 billion to $3.0 billion, leaving $1.16 billion available.
- Strategy spent $193.1 million to repurchase 1,938,780 STRC preferred shares between Oct. 12 and Oct. 18, 2026.
- Strategy bought 267 Bitcoin for $22.1 million at an average price of $82,900 per coin during the same week.
- Strategy holds 848,517 BTC acquired for $64.02 billion at an overall average purchase price of $75,446 per Bitcoin.
- Strategy funded the Bitcoin purchase with $22.0 million from selling 140,872 MSTR shares via its at-the-market program and about $100,000 in cash.
- Strategy's discretionary USD cash fell to $447.3 million, while its separate USD Reserve stood at $4.83 billion.
Sources · 6 sources
- TB
The Block@TheBlockCoPost on X ·
THE BLOCK: Strategy $MSTR acquired another 267 bitcoin:native for $22.1 million at an average price of $82,900 per bitcoin, bringing its total holdings to 848,517 BTC. The company also repurchased $193.1 million of $STRC preferred stock and increased its digital credit securities buyback authorization to $3 billion.
Open source - CR
CryptoSlate@CryptoSlatePost on X ·
Strategy spent $193.1M on STRC buybacks last week, versus $22.1M on Bitcoin. Discretionary cash fell to $447.3M; a separate $4.83B reserve remains designated primarily for dividends and debt interest. via @hardeyjumoh https://t.co/1cLPnxgIBv
Open source - TW
The Wolf Of All Streets@scottmelkerPost on X ·
BREAKING: Strategy repurchased $193.1 million of $STRC preferred shares and acquired 267 $BTC for $22.1 million. The company sold 140,872 $MSTR shares via its ATM program, generating $22.0 million in net proceeds to help fund the Bitcoin purchase. At the same time, Strategy’s board increased the size of its Digital Credit Securities Repurchase Program from $2.0 billion to $3.0 billion, leaving $1.16 billion available. As of October 18, 2026, Strategy holds 848,517 BTC acquired for a total of $64.02 billion at an average price of $75,446 per Bitcoin, along with $5.3 billion in USD Assets. Strategy continues to manage its capital structure while steadily stacking Bitcoin.
Open source - UN
UnchainedArticle ·
Strategy Raises Its Preferred Buyback Cap to $3 Billion After Another $193 Million STRC Week Strategy’s board approved a $1 billion increase to the company’s preferred stock buyback program, bringing the total it can spend to $3 billion , the bitcoin treasury company disclosed in a Form 8-K on Monday. The move came after Strategy used $193.1 million to repurchase 1,938,780 shares of its STRC preferred stock between Oct. 12 and Oct. 18. In the same week, the company bought 267 BTC for $22.1 million , at an average price of $82,900 a coin, fees included. That puts its stack at 848,517 BTC , acquired for a combined $64.02 billion, or $75,446 per coin on average. The STRC repurchases cost almost nine times what Strategy put into bitcoin over those seven days. Executive Chairman Michael Saylor, recapping the week in a post on X , put Strategy’s dollar holdings at $5.3 billion. Get Unchained’s crypto news in your inbox with the free Unchained Daily newsletter . More Room for Buybacks The new $3 billion ceiling counts every repurchase already made under what Strategy calls its digital credit securities repurchase program. With the increase, $1.16 billion was left to spend as of Oct. 18, per the filing. A week earlier, the company reported that $354.8 million remained under the old $2 billion limit. The board had already doubled the program to $2 billion from $1 billion. STRC was the only security Strategy bought back last week. A separate program for MSTR common stock still has $1.0 billion available, and the company repurchased no MSTR shares. How It Paid The bitcoin came out of $22.0 million in net proceeds from selling 140,872 MSTR shares through Strategy’s at-the-market program, plus about $100,000 of cash. The company sold none of its four preferred stocks through that program, months after it halted the STRC sales that had funded earlier bitcoin purchases. The STRC buyback was paid entirely from what Strategy labels USD Cash, which dropped to $447.3 million as of Oct. 18 from $640.5 million a week before. Strategy also drew $45.5 million from its separate USD Reserve, which the filing says is meant to support preferred dividends and debt interest, to pay preferred dividends. That reserve stood at $4.83 billion , down from $4.88 billion. Strategy’s common stockholders are set to vote on Oct. 28 on whether STRC and its three other preferred stocks should pay dividends daily. Related Listen: Why Lyn Alden Says Strategy Let Its Dollar Reserve Slip Too Far The post Strategy Raises Its Preferred Buyback Cap to $3 Billion After Another $193 Million STRC Week appeared first on Unchained .
Open source - CR
CryptoSlateArticle ·
Strategy’s discretionary cash falls 72% as buyback authorization rises to $3 billion Strategy's discretionary USD Cash fell to $447.3 million as the company spent another $193.1 million on STRC buybacks and raised its preferred-stock repurchase authorization to $3 billion. The Michael Saylor-led company disclosed on Oct. 19 that it bought Bitcoin for $22.1 million at an average price of $82,900 over the previous week. The acquisitions increased… Read the full story on CryptoSlate Understand the crypto stories that matter and what to watch next. Get The Catalyst in your inbox
Open source - *B
*Walter Bloomberg@DeItaonePost on X ·
STRATEGY ($MSTR ) BUYS 267 MORE BITCOIN Strategy purchased 267 BTC for $22.1 million, bringing total holdings to 848,517 BTC, acquired for $64.02 billion at an average of $75,446 per BTC. The company also repurchased $193.1 million in preferred shares and expanded its preferred securities buyback authorization to $3 billion. Source: Strategy SEC Filing, October 19, 2026
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