Strategy Buys $22M in Bitcoin, Buys Back $193M of STRC
Summary
Strategy bought 267 bitcoin for $22.1 million at an average $82,900 each, bringing its holdings to 848,517 BTC acquired for $64.02 billion. It funded the purchase mainly by selling MSTR shares. The company also repurchased $193.1 million of its STRC preferred stock and increased its preferred-securities repurchase program ceiling from $2 billion to $3 billion. Strategy reported $447.3 million in USD Cash and $4.83 billion in its dividend and debt-service reserve as of October 18. Separately, MSCI finalized a rule that could exclude companies dominated by a single asset from its indexes; the affected-company list is due November 11.
