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Strategy Buys $22M in Bitcoin, Repurchases $193M in STRC
The company funded the bitcoin purchase with common-stock sales while spending nearly nine times more on preferred-share buybacks.
- On Oct 19, Strategy announced it added 267 Bitcoin to its holdings and increased its preferred stock buyback program to $3 billion.
- Executive Chairman Michael Saylor hinted at further accumulation on Oct 18, posting "We found room for more orange" after the company disclosed holdings of 848,250 BTC.
- Strategy spent $22.1 million acquiring the 267 Bitcoin at an average of $82,900 per coin, while simultaneously repurchasing 1.94 million STRC shares.
- The board-approved increase brings the total authorization to $3 billion, leaving $1.16 billion available for spending as of Oct 18.
- Strategy's cryptocurrency treasury expansion continues amid active capital deployment across Bitcoin acquisitions and preferred share repurchases, signaling sustained accumulation momentum.
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CointelegraphReposted by 
The New York Ledger
The New York LedgerStrategy Buys $22M in Bitcoin, Repurchases $193M in STRC
Strategy’s Bitcoin holdings reached 848,517 BTC after its latest purchase, while the company reported a $4.83 billion reserve and $447.3 million in separate cash.
·New York, United States
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267 BTC Added to Strategy’s Holdings as Buyback Program Grows
Strategy has made headlines by acquiring 267 BTC for $22.1 million, a move that highlights increasing institutional activity in the crypto space. This acquisition occurred between October 12 and 18, as reported by the commentator @WuBlockchain. The expansion of their preferred stock buyback program...
Michael Saylor's company acquires an additional 267 bitcoins for $22.1 million, raises its reserves to BTC 848,517 and announces a million-dollar buy-back of preferential shares that triggers its Wall Street listing.
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Leaning Left0Leaning Right1Center4Last UpdatedBias Distribution80% Center
Bias Distribution
- 80% of the sources are Center
80% Center
C 80%
R 20%
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