Strategy Buys 267 Bitcoin and Repurchases $193.1 Million of STRC Shares

Strategy Inc. bought 267 Bitcoin (BTC) for $22.1 million from Oct. 12 through Oct. 18 while spending $193.1 million to repurchase STRC preferred shares, directing substantially more capital to the buyback.

The company paid an average of about $82,900 per BTC. It sold about 140,900 MSTR common shares for $22 million in net proceeds and used that money, plus $0.1 million of cash, for the Bitcoin purchase.

Strategy also repurchased about 1.94 million STRC preferred shares. It funded the repurchases with cash. The board expanded the authorization for preferred-share repurchases from $2 billion to $3 billion; $1.16 billion remained available as of Oct. 18.

The purchase raised Strategy’s Bitcoin holdings to 848,517 BTC as of Oct. 18. The company has spent $64.02 billion to acquire those holdings, at an average cost of $75,446 per coin.

Strategy ended the period with $447.3 million in cash and a separate $4.83 billion reserve. It used $45.5 million from that reserve during the week to pay dividends on its preferred shares.