Strategy Adds 250 Bitcoin, Weekly Buys Slow as STRC Buybacks Hit $192M

Strategy (Nasdaq: STRF, STRC, STRK, STRD, MSTR) bought 250 Bitcoin in the week ended October 11, adding about $21.5 million to its treasury while its weekly purchase size shrank for a second straight week. The company disclosed the figures in a capital markets update on October 12 that also showed $192 million of STRC preferred-stock repurchases over the same period.

According to the company’s announcement, $21.0 million of the Bitcoin buy was funded with proceeds from MSTR common-stock sales and the remaining $0.5 million from cash. The additions lift Strategy’s total holdings to 848,250 BTC, keeping it the world’s largest corporate holder of the asset.

A Shrinking Weekly Buy Meets a Larger Buyback

The 250 BTC addition is smaller than the 334 BTC Strategy bought in the week ended October 4 and the 1,665 BTC it acquired the week before that. Its STRC repurchases, by contrast, climbed from $176.3 million to $192.4 million. Strategy now spends roughly nine times more on preferred-stock buybacks than on new Bitcoin, a sharp reversal of the allocation pattern that built its treasury.

As of October 11, the company’s U.S. dollar reserve stood at $4.88 billion, with another $640.5 million in cash held for broader treasury purposes. The reserve is earmarked to support dividends on its preferred stock and interest on its debt, while the cash balance remains available for future Bitcoin buys. It still has $354.8 million authorized for preferred-stock repurchases and $1.0 billion for MSTR stock buybacks.