Strategy Adds 267 Bitcoin and Repurchases Preferred Stock

Update (Oct 19, 13:26 UTC): Strategy expanded its reported Bitcoin holdings to a record 848,517 coins after acquiring an additional 267 BTC and repurchased $193 million of STRC preferred stock.

Strategy purchased 267 Bitcoin for $22.1 million last week and repurchased $193.1 million of its STRC preferred stock, according to an SEC filing. The company funded the Bitcoin purchase mostly by selling MSTR common stock, while the STRC buybacks came from its cash reserves.

Digital Credit Securities Repurchase Program

The firm's board raised the cap on its digital credit securities repurchase program to $3 billion from $2 billion, leaving $1.16 billion available as of October 18. Strategy bought back 1,938,780 shares of STRC using $193.1 million of its USD Cash reserves. The repurchase program covers its preferred stock.

Bitcoin Holdings and Purchases

Strategy paid for the purchase with $22 million raised by selling 140,872 shares of its MSTR common stock through its at-the-market offering program, alongside $0.1 million of cash. The company now holds 848,517 Bitcoin, acquired for a total of $64.02 billion at an average of $75,446 per coin, according to Decrypt.

Key facts

• Strategy bought 267 Bitcoin for $22.1 million last week.
• The company repurchased $193.1 million of its STRC preferred stock.
• Strategy's board raised the digital credit securities repurchase program cap to $3 billion.
• Total Bitcoin holdings reached 848,517 BTC acquired at an average of $75,446 per coin.