Strategy's latest Bitcoin purchase trails its $192 million stock buyback

Strategy’s Latest Bitcoin Buy Trails Its $192M Stock Buyback

KEY INSIGHTS

  • Strategy Bitcoin purchases added 250 BTC for $21.5 million and raised total holdings to 848250 BTC.
  • Strategy spent $192.4 million on STRC buybacks while keeping $354.8 million available under its program.
  • Strategy funded its Bitcoin purchase through MSTR stock sales and $500000 in cash during the week.

Strategy purchased 250 Bitcoin for $21.5 million between October 5 and October 11, 2026, while spending $192.4 million repurchasing its STRC preferred stock. 

The strategy stated that the latest purchase of Bitcoin is at an average price of $86,194 per Bitcoin, inclusive of fees. The total investment made by the firm in Bitcoin is around $64 billion and the average price of one Bitcoin is $75,444.

The difference between the two expenditures was substantial. Strategy spent nearly nine times as much on STRC buybacks as it did on Bitcoin during the reported week, based on the disclosed figures. The company funded the Bitcoin purchase through common-stock sales and existing cash, while reporting no preferred-stock sales during the period.

Strategy Bitcoin Purchases Slow as STRC Buybacks Increase

Strategy’s latest acquisition follows a period of smaller Bitcoin purchases compared with some of its previous buying weeks. Its October 12 announcement reported 250 BTC acquired during the seven-day period ending October 11.

Source: Wu Blockchain

The company has previously made considerably larger purchases. In November 2024, it bought 55,500 BTC in a single week, according to the supplied reporting. The latest came from a prior purchase announcement for $143 million in acquisitions which set a new record for holdings at the end of September.

The latest figures show that Strategy continues to add Bitcoin while allocating substantial funds to its own preferred shares. Its total holdings reached 848,250 BTC, making it the largest corporate Bitcoin holder among public companies, according to the supplied sources.

The company’s average purchase price of $75,444 also provides a reference point for its cumulative investment. However, the latest acquisition price of $86,194 was higher than that reported average cost.

Metric Reported number
Bitcoin bought 250 BTC
Cost to acquire Bitcoin $21.5 million
Cost per BTC $86,194 per BTC
Total Bitcoin inventory 848,250 BTC
Total cost of acquisition  Approximately $64 billion
Cost per BTC $75,444
Shares of STRC repurchased 1,932,145
Cost to repurchase STRC $192.4 million
Authorization for remaining repurchase of STRC $354.8 million

How Strategy Funded Its Latest Bitcoin Purchase

Strategy made a profit of around $21 million after selling around 125,000 shares of its common stock MSTR stock under the ATMS program. The firm employed an additional $500,000 from its cash reserves for meeting the rest of the expense of buying Bitcoin.

According to its announcement, the firm did not sell any preferred stock during the week. This funding breakdown provides a clearer picture of how the company financed the latest addition to its Bitcoin treasury.

Strategy also reported holding $4.88 billion in a U.S. dollar reserve as of October 11. The reserve is designated for preferred-stock dividends and interest payments on debt.

Separately, the company held $640.5 million in cash for broader purposes, including Bitcoin purchases. The two balances serve different stated purposes and should not be treated as a single unrestricted pool of funds.

Strategy initially established its dollar reserve with $1.44 billion. It later created the separate cash balance after raising $2 billion through MSTR stock sales, according to the supplied reports.

STRC Repurchases Become a Major Capital Allocation

The $192.4 million STRC repurchase was the largest component of Strategy’s reported spending between October 5 and October 11. The company bought back 1,932,145 shares of Stretch, its variable-rate preferred stock, leaving $354.8 million available under the repurchase program.

The latest activity follows another week of substantial buybacks. Strategy previously reported spending approximately $176 million repurchasing STRC shares while buying $29 million in Bitcoin. An earlier period also saw $151.7 million allocated to STRC repurchases compared with $142.7 million spent on Bitcoin, according to the supplied coverage.

These figures show that preferred-stock repurchases have exceeded Bitcoin spending in several reported periods. However, the amounts relate to specific weeks and should not be interpreted as a permanent allocation policy.

Strategy has also introduced a broader capital-allocation framework. Announced on June 29, the Digital Credit Capital Framework includes a dollar reserve for dividends and interest and allows the company to sell up to $1.25 billion in Bitcoin.

The company has separately proposed that preferred-stock dividends accrue throughout all 365 days of the year. The proposal and repurchase program relate to its preferred stock liabilities, but the data provided does not provide any evidence that the proposal led to the recent repurchase.

FAQs

What is the number of Bitcoins purchased by Strategy in October 2026?

Strategy bought 250 BTC between October 5 and October 11 for around $21.5 million at a cost of $86,194 each Bitcoin.

How much Bitcoin does Strategy hold?

As of its October 12, 2026, announcement, Strategy held 848,250 BTC acquired for approximately $64 billion at an average cost of $75,444 per coin.

How much did Strategy spend on STRC buybacks?

Strategy spent $192.4 million repurchasing 1,932,145 STRC preferred shares during the reported week. It had $354.8 million remaining under the repurchase program.

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