Saylor teases Strategy Bitcoin buying after ending September with STRC buybacks
Summary
Strategy chair Michael Saylor hinted at another Bitcoin purchase, but an SEC filing would likely not appear before Tuesday due to a holiday. The company bought 334 BTC for $28.7 million from Sept. 28 to Oct. 4, bringing its holdings to 848,000 BTC, while spending $176.3 million to repurchase preferred shares. Analyst Shanaka Anslem Perera said Strategy raised $5.41 billion through common-stock sales in the third quarter, but filings show only 9.5% of that funding went directly to Bitcoin purchases. Other funds supported cash reserves, dividends and preferred-share buybacks. Retained cash could still finance future BTC purchases, while strengthening the balance sheet.
