Strategy Spent $208.2 Million on STRC Buybacks, 3.2 Times Bitcoin Outlay

Strategy directed $208.2 million to STRC preferred-share repurchases last week, about 3.18 times its $65.5 million Bitcoin (BTC) outlay, making buybacks the larger of its two reported uses of capital.

The acquisition covered 811 BTC, with a per-coin average of $80,846. Strategy generated $164 million in net proceeds from the sale of approximately 1.18 million MSTR shares. It assigned $65.5 million to the Bitcoin purchase and put $98.5 million into USD Cash. As of Sunday, USD Cash stood at $132.7 million, alongside a separate $4.79 billion U.S. dollar reserve.

From Oct. 1-25, STRC repurchases amounted to about $664 million, compared with roughly $72 million spent on Bitcoin. Within that span, the Oct. 5-11 buyback comparison showed $192.4 million in STRC repurchases and $21.5 million in Bitcoin purchases.