Strategy buys just 334 Bitcoin as preferred-share buybacks reach $1.45 billion
Strategy bought 334 Bitcoin for $28.7 million, its smallest purchase of 2026, bringing holdings to 848,000 BTC. A 43% third-quarter Bitcoin rally lifted their reported value to $70.82 billion and produced a $20.91 billion unrealized gain. The company spent far more—$176.3 million—repurchasing STRC preferred shares, which have stayed below their $100 stated value despite dividend increases and buybacks. Strategy is asking MSTR shareholders to approve daily dividend accruals across four preferred securities, arguing this could improve liquidity and support STRC’s price. A vote is scheduled for Oct. 28; if approved, daily accrual begins Nov. 1. The proposal is part of Strategy’s effort to make preferred stock a more effective source of funding for future Bitcoin purchases.
