Strategy buys 250 Bitcoin for $21.5 million and repurchases $192.4 million of preferred stock
Strategy acquired 250 BTC for $21.5 million while spending $192.4 million to repurchase STRC preferred shares between Oct. 5 and Oct. 11, 2026, lifting its treasury holdings to 848,250 Bitcoin.
Strategy acquired 250 Bitcoin for $21.5 million between Oct. 5 and Oct. 11, 2026, paying an average price of $86,194 per coin, according to disclosures reported by Unchained and CryptoSlate. The acquisition increased Strategy's total bitcoin holdings to 848,250 BTC, which were acquired for approximately $64.0 billion at an overall average purchase price of $75,444 per coin.[6][8][2][4][5]
During the same period, Strategy spent nearly nine times more on equity buybacks than on bitcoin, deploying $192.4 million to repurchase 1,932,145 shares of its STRC preferred stock at an implied average price of roughly $99.58 per share. The company repurchased no common shares or other preferred issues during the week. Following the repurchases, $354.8 million remains under the company's $2 billion preferred stock buyback program, while a separate $1.0 billion repurchase authorization for MSTR common stock remains untouched.[6][8][1][7]
The bitcoin acquisition was funded primarily with $21.0 million in net proceeds from the sale of 125,183 MSTR common shares, with the remaining $0.5 million drawn from USD cash. Strategy reported that as of Oct. 11, it held $4.88 billion in a dedicated USD Reserve designated for dividends and debt interest, alongside $640.5 million in unrestricted USD Cash.[6][8][3][2]
Key facts
- Strategy bought 250 BTC for $21.5 million at an average price of $86,194 per coin between Oct. 5 and Oct. 11, 2026.
- Total bitcoin holdings reached 848,250 BTC, purchased at an aggregate cost of approximately $64.0 billion with an average price of $75,444 per coin.
- Strategy repurchased 1,932,145 shares of STRC preferred stock for $192.4 million at an implied average price of roughly $99.58 per share.
- The bitcoin purchase was funded by $21.0 million in net proceeds from selling 125,183 MSTR shares and $0.5 million from USD cash.
- As of Oct. 11, Strategy held $4.88 billion in its USD Reserve and $640.5 million in unrestricted USD Cash.
- Strategy has $354.8 million remaining under its preferred stock buyback program and $1.0 billion remaining under its common stock repurchase authorization.
Sources · 8 sources
- CN
crypto.news@cryptodotnewsPost on X ·
JUST IN: Strategy adds 250 $BTC for $21.5M and buys back $192.4M in STRC shares From Oct. 5–11, the company spent nearly 9x more on STRC buybacks than its latest Bitcoin purchase; Strategy now holds 848,250 BTC, acquired for roughly $64B, and has $4.88B in cash reserves. https://t.co/9VCQOArWoI
Open source - *B
*Walter Bloomberg@DeItaonePost on X ·
$MSTR - STRATEGY BUYS MORE BITCOIN AND REPURCHASES $192 MILLION IN PREFERRED STOCK Strategy acquired 250 BTC for $21.5 million at an average price of $86,194 per Bitcoin. The company now holds 848,250 BTC, purchased for approximately $64 billion at an average cost of $75,444 per coin. Meanwhile, Strategy repurchased $192.4 million of STRC preferred shares and reported $4.88 billion in USD reserves, alongside $640.5 million in additional cash.
Open source - CR
CryptoSlate@CryptoSlatePost on X ·
In Oct. 5–11, @Strategy spent $192.4M on $STRC buybacks and $21.5M on 250 Bitcoin. Its $4.88B USD Reserve, earmarked for dividends and interest, isn’t authorized for STRC buybacks; USD Cash stood at $640.5M. via @hardeyjumoh https://t.co/KfxtkpeYem
Open source - TW
The Wolf Of All Streets@scottmelkerPost on X ·
BREAKING: Strategy acquires another 250 $BTC for $21.5 million, bringing total holdings to 848,250 BTC, worth approximately $70.6 billion. The latest purchase was made at an average price of $86,194 per Bitcoin between October 5 and October 11. At the same time, Strategy repurchased $192.4 million of its $STRC preferred stock. The company now holds 848,250 BTC acquired at an average cost of $75,444, for a total cost basis of roughly $64 billion. The purchase was funded by proceeds from the sale of 125,183 $MSTR shares plus the company’s USD Cash reserve. Corporate Bitcoin accumulation continues at scale.
Open source - KO
kook@KookCapitalLLCPost on X ·
saylor spent $192m buying back his own preferred stock last week and $21.5m on bitcoin:native bitcoin yield is negative on the year, is this still a bitcoin company???? https://t.co/goXcDYNjUH
Open source - UN
UnchainedArticle ·
Strategy Spends $192 Million Buying Back Its Preferred Stock, Nearly Nine Times Its Bitcoin Buy Strategy directed most of its spending last week toward its own preferred stock rather than bitcoin. The company announced on Monday that it repurchased 1,932,145 shares of STRC for $192.4 million between Oct. 5 and Oct. 11, while buying just 250 BTC for $21.5 million . The bitcoin was bought at an average of $86,194 per coin, fees included. That brings Strategy’s holdings to 848,250 BTC , acquired for a combined $64.00 billion, or $75,444 per bitcoin on average. Get Unchained’s crypto news in your inbox with the free Unchained Daily newsletter . Buyback Room Shrinks STRC, formally the Variable Rate Series A Perpetual Stretch Preferred Stock, was the only security Strategy bought back during the week. The company repurchased none of its other preferreds and none of its MSTR common stock. After the latest purchases, $354.8 million remains under Strategy’s digital credit securities repurchase program. The board doubled that program to $2 billion in September. A separate $1.0 billion authorization for MSTR shares is untouched. Strategy has been buying STRC below its $100 par value for weeks, and it stopped selling new STRC through its at-the-market program in June after the shares slipped under that level. How It Paid The release said $21.0 million of the bitcoin purchases came from net proceeds of selling 125,183 MSTR shares, with the remaining $0.5 million drawn from cash. Strategy sold no preferred stock under its at-the-market programs during the period. The company keeps two dollar buckets: a USD Reserve meant to cover preferred dividends and debt interest, and USD Cash for broader uses, including bitcoin buys and capital management. As of Oct. 11, the reserve stood at $4.88 billion and USD Cash at $640.5 million . Shareholders are scheduled to vote on Oct. 28 on a proposal to pay daily dividends on STRC and three other Strategy preferreds. Related Listen: Strategy Sells $216M in Bitcoin. Is Saylor a Buyer or a Seller Now? – Bits + Bips The post Strategy Spends $192 Million Buying Back Its Preferred Stock, Nearly Nine Times Its Bitcoin Buy appeared first on Unchained .
Open source - LS
Laura Shin@laurashinPost on X ·
$354.8 million is what remains of Strategy's $2 billion preferred stock buyback authorization after another week of STRC repurchases. The firm also bought 250 BTC. https://t.co/AcnX5ntmp6
Open source - CR
CryptoSlateArticle ·
Strategy spent nearly nine times as much on STRC buybacks as Bitcoin last week Strategy (formerly MicroStrategy) bought 250 Bitcoin for $21.5 million last week while spending $192.4 million to repurchase its STRC preferred shares. On Oct. 12, the Michael Saylor-founded company disclosed that it acquired just 250 Bitcoin for about $21.5 million between Oct. 5 and Oct. 11, extending a slowdown that saw purchases fall to 334 BTC the previous week. Meanwhile, Strategy repurchased 1,932,145 shares of its variable-rate STRC preferred stock for $192.4 million, nearly nine times its Bitcoin spending, as the company continued its STRC buybacks . The spending gap highlights the competing demands on Strategy's capital: Bitcoin accumulation and support for its preferred securities. STRC buybacks consume more capital The latest acquisition lifted Strategy's holdings to 848,250 BTC, purchased for approximately $64 billion at an average price of $75,444 per coin. Strategy paid an average of roughly $86,194 for its latest Bitcoin purchases, compared with $85,839 for the 334 BTC acquired during the previous reporting period. The slowdown comes as Bitcoin struggles to sustain its recovery after last week's market downturn briefly pushed the cryptocurrency toward $80,000. However, Strategy's preferred-stock repurchases have continued accelerating. STRC repurchase spending rose from $176.3 million during Sept. 28–Oct. 4 to $192.4 million during Oct. 5–11. The company reported $354.8 million of remaining authorization under its digital credit securities repurchase program. The purchases have also become more expensive as STRC approaches its $100 stated amount . Strategy paid an implied average price of approximately $99.58 per share in its latest buyback, representing a discount of less than 0.5% to the preferred stock's stated value. That is notable because the company's July repurchase policy envisaged buying more aggressively at deeper discounts and reducing purchases as STRC approached $100. The buybacks also reduce future dividend obligations by retiring outstanding preferred shares. At STRC's current 12% annual dividend rate , the latest repurchases would eliminate approximately $23.2 million in annualized dividend payments, assuming that rate remains unchanged. However, Strategy's broader objective is to establish sufficient independent demand for STRC to trade consistently near $100 without requiring continued large-scale intervention. Strategy's shrinking cash balance raises stakes for October vote The accelerated repurchases are also drawing down the capital pool available for Strategy's broader treasury operations. As of Oct. 11, the company held $4.88 billion in its dedicated USD Reserve and another $640.5 million in USD Cash, bringing total dollar-denominated liquidity to approximately $5.52 billion. The USD Cash balance declined from $833.4 million a week earlier, down $192.9 million, nearly matching the amount spent on STRC repurchases. Strategy separately raised approximately $21 million by selling 125,183 common shares during the week, while issuing no additional preferred stock under its at-the-market programs. Those common-stock proceeds funded $21 million of the Bitcoin purchases, with another $0.5 million coming from USD Cash. The distinction between its two cash pools is significant. Under Strategy's board-approved USD Reserve policy , the reserve is earmarked for preferred dividends and interest payments. Other uses require board authorization; the company says it is not authorized to use the reserve for STRC repurchases . USD Cash, by contrast, can finance Bitcoin purchases, preferred-share repurchases and other capital management activities. Consequently, sustained STRC spending reduces the unrestricted liquidity available for other uses unless Strategy raises additional funds. As an illustration, the $354.8 million of remaining preferred-share repurchase authorization would cover about 1.84 weeks at the latest $192.4 million weekly pace if that pace and the authorization stayed unchanged. Shareholders will vote on the daily-dividend proposal on Oct. 28. The company is seeking approval to move its four US-listed preferred securities to daily dividend payments, with STRC transitioning first. Under the proposal, dividends would accrue daily and be paid the next business day, replacing STRC's current semi-monthly schedule without increasing its annual dividend rate. Strategy argues the change could improve liquidity, reduce reinvestment delays, and encourage more stable trading around STRC's $100 target. If approved, STRC's first daily record date would be Nov. 1, with payment scheduled for Nov. 2. Strategy is also scheduled to report third-quarter financial results on Oct. 29, a day after the vote, giving management another chance to address its preferred-stock strategy and the slowing pace of Bitcoin accumulation. The post Strategy spent nearly nine times as much on STRC buybacks as Bitcoin last week appeared first on CryptoSlate .
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