Strategy Repurchased $385.5 Million in STRC Shares Over Two Weeks

Strategy repurchased about 3.87 million shares of its STRC preferred stock for $385.5 million from Oct. 5-18, while buying 517 Bitcoin (BTC) for $43.6 million over the same two reporting periods.

The company bought back 1,932,145 STRC shares for $192.4 million from Oct. 5-11. From Oct. 12-18, it repurchased another 1,938,780 shares for $193.1 million. The two periods add up to 3,870,925 shares and $385.5 million.

Strategy also acquired 250 BTC for $21.5 million in the first period and 267 BTC for $22.1 million in the second. Its Bitcoin holdings reached 848,250 BTC as of Oct. 11, then 848,517 BTC as of Oct. 18.

On Oct. 19, Strategy’s board increased the authorization for its digital credit securities repurchase program from $2 billion to $3 billion. As of Oct. 18, $1.16 billion remained available under the authorization.

Strategy’s disclosures identify $43 million in net proceeds from sales of MSTR common stock and $600,000 in USD Cash as funding for the two Bitcoin purchases. The company also reported a $4.83 billion USD Reserve and $447.3 million in USD Cash as of Oct. 18.

The USD Reserve is intended to support preferred-stock dividends and interest on debt. USD Cash is available for broader treasury uses, including Bitcoin purchases and expanding the reserve.