Strategy Buys 250 Bitcoin for $21.5 Million, Repurchases $192 Million in Preferred Stock

By: Matthew Kerr, Quiver Data Analyst

Strategy ($MSTR) announced on October 12 that it acquired 250 Bitcoin for approximately $21.5 million and repurchased $192.4 million of its STRC preferred stock. The purchases occurred between October 5 and October 11, bringing the company's total Bitcoin holdings to 848,250 BTC.

• Strategy purchased 250 BTC at an average price of $86,194 per Bitcoin, including fees and expenses.
• Total holdings reached 848,250 BTC, acquired for approximately $64 billion at an average cost of $75,444 per coin.
• The company sold 125,183 common shares through its at-the-market offering program, raising $21 million to fund Bitcoin purchases.
• Strategy repurchased 1,932,145 shares of STRC preferred stock for $192.4 million.
• Approximately $354.8 million remains available under its preferred stock repurchase program, alongside $1 billion authorized for common stock repurchases.
• As of October 11, Strategy held $4.88 billion in USD reserves and an additional $640.5 million in cash.

Relevant Companies

• Strategy ($MSTR) - Expanded its Bitcoin holdings, issued additional common shares, and repurchased preferred stock.

Editor’s Note: This is a developing story. This article may be updated as more details become available.

Matthew Kerr is a data analyst at Quiver Quantitative, with a focus on single-stock research and government datasets. Prior to joining Quiver, Matthew was an analyst intern at BlackRock.