Michael Saylor’s Strategy has acquired another 250 Bitcoin and repurchased approximately $192 million of its STRC preferred stock, continuing to deploy capital across its cryptocurrency treasury and securities repurchase programs.
The October 12 corporate disclosure puts Strategy’s total holdings at 848,250 BTC as of October 11, alongside approximately $5.5 billion in combined U.S. dollar reserves and deployable cash.
The latest Bitcoin purchase cost $21.5 million, with $21 million funded through sales of MSTR common shares and another $500,000 drawn from the company’s available cash.
Strategy Expands Bitcoin Holdings to 848,250 BTC
The acquisition adds to Strategy’s long-running Bitcoin treasury program, which has increasingly operated alongside preferred-stock issuance, repurchases and active cash management.
Unlike earlier periods when the company relied heavily on issuing securities to accumulate Bitcoin, its capital framework now accommodates both purchases and selective BTC sales.
Strategy previously acquired 950 BTC during the week ending September 20, spending $75.7 million and lifting its holdings to 846,000 BTC.
The latest purchase continues that accumulation while the company simultaneously directs substantial capital toward reducing its outstanding preferred-stock obligations.
Strategy’s Bitcoin holdings remain separate from its dollar reserves, which are allocated to different functions within the company’s financing structure.
$192 Million STRC Buyback Targets Preferred Stock
The larger transaction in the latest reporting period involved approximately $192 million of STRC repurchases.
STRC is Strategy’s Variable Rate Series A Perpetual Stretch Preferred Stock, a Nasdaq-listed security designed to pay variable cash dividends. It is preferred equity rather than debt or a cryptocurrency token, and its holders do not own a direct claim on Strategy’s Bitcoin.
Repurchasing STRC reduces the amount of preferred equity outstanding and can lower future dividend obligations. The financial benefit depends on the acquisition price relative to the security’s stated amount and the dividend distributions that would otherwise become payable.
The transaction continues a policy Strategy introduced earlier this year when it authorized Bitcoin sales to support reserve funding, preferred dividends and securities repurchases.
Its October 12 disclosure leaves $354.8 million available under the digital credit securities repurchase authorization. A separate $1 billion authorization remains available for MSTR common-share buybacks.
Strategy Holds $5.5 Billion in Dollar Assets
Strategy ended October 11 with $4.88 billion in its USD Reserve and $640.5 million in USD Cash, bringing its combined dollar assets to approximately $5.52 billion.
The two balances have different purposes.
The USD Reserve is intended primarily to support preferred-stock dividends and interest payments on outstanding debt. USD Cash can be deployed for Bitcoin purchases, reserve expansion and broader capital-management activities.
Strategy previously used Bitcoin sales to finance STRC buybacks, establishing a framework in which cryptocurrency holdings and preferred equity can be adjusted independently.
During October 5–11, the company allocated $500,000 of USD Cash to Bitcoin purchases.
The newly disclosed repurchases leave $354.8 million in remaining digital credit buyback capacity, while the company’s next scheduled financial disclosures will determine any further changes to its Bitcoin holdings and preferred-stock balances.
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