Strategy Buys 267 Bitcoin, Extending Weekly Buying Streak to Five Weeks

Strategy Inc bought 267 Bitcoin (BTC) for $22.1 million from Oct. 12 through Oct. 18, lifting its holdings to 848,517 BTC and extending its buying run to five consecutive weekly reports.

The company paid an average of $82,900 per coin, including fees and expenses. Its holdings had an aggregate purchase price of $64.02 billion as of Oct. 18, equivalent to about $75,446 per BTC.

Strategy funded $22.0 million of the latest purchase with net proceeds from selling 140,872 common shares. It used $0.1 million from its USD Cash balance for the rest.

During the same period, Strategy repurchased 1,938,780 STRC preferred shares for $193.1 million. Its board also raised the authorization for digital credit securities repurchases from $2.0 billion to $3.0 billion. As of Oct. 18, $1.16 billion remained available under that authorization.

The five-week run began with 950 BTC bought during Sept. 14-20. Strategy’s next three weekly reports listed purchases of 1,665 BTC, 334 BTC and 250 BTC before the latest addition.