Strategy Posts $21B Q3 Gain, Buys $29M in BTC, Repurchases $176M in STRC
Summary
Strategy bought 334 Bitcoin for $28.7 million from October 1–4, lifting its holdings to a record 848,000 BTC. It also repurchased $176.3 million of its preferred STRC shares, more than six times the Bitcoin purchase, with $547.2 million remaining in the buyback program. The company sold MSTR shares and used cash to fund the Bitcoin purchases, while maintaining separate reserves for dividends and debt interest. Its filing reported a $20.91 billion third-quarter gain on digital assets, reflecting Bitcoin’s price appreciation, alongside $1.88 billion in deferred tax expense. Strategy’s average Bitcoin cost is $75,440.70 per coin, below the $85,838.80 average paid for the latest purchase.
