Strategy buys $22M in Bitcoin, repurchases $193M in STRC
Summary
Strategy bought 267 Bitcoin for $22.1 million at an average price of $82,900 between Oct. 12 and 16, bringing its holdings to 848,517 BTC. It also repurchased 1.94 million STRC preferred shares for $193.1 million, funded from existing cash. The company expanded its preferred-stock repurchase authorization to $3 billion, with $1.16 billion remaining. Strategy financed its Bitcoin purchase primarily by selling $22 million of MSTR shares. It reported a $4.83 billion reserve for preferred dividends and debt interest, plus $447.3 million in separate cash holdings.
