Strategy ($MSTR) Buys 267 Bitcoin, Expands Preferred Stock Buyback to $3 Billion

Strategy ($MSTR) disclosed October 19 that it purchased 267 Bitcoin for approximately $22.1 million between October 12 and October 18, bringing its total holdings to 848,517 BTC. The company also increased its preferred stock repurchase authorization from $2 billion to $3 billion and disclosed $193.1 million in additional STRC share repurchases.

• The Bitcoin purchases averaged $82,900 per coin, including fees and expenses.
• Strategy's total Bitcoin holdings cost approximately $64.02 billion, averaging $75,446 per BTC.
• The company sold 140,872 MSTR shares, generating $22 million in net proceeds used to fund Bitcoin purchases.
• Strategy repurchased 1,938,780 STRC preferred shares for $193.1 million during the week.
• Approximately $1.16 billion remains available under its expanded preferred stock repurchase program.
• Strategy reported $4.83 billion in dollar reserves and $447.3 million in other dollar cash as of October 18.
• A separate filing discussed a proposed transition to daily STRC dividends, subject to a shareholder vote scheduled for October 28.

Relevant Companies

• Strategy ($MSTR) - Expanded its Bitcoin holdings and preferred stock repurchase authorization while issuing additional common shares.

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