Strategy (MSTR), Michael Saylor's Bitcoin treasury company, expanded its digital credit securities repurchase program to $3 billion from $2 billion, even though its latest Bitcoin purchase was only 267 BTC, bringing total holdings to 848,517 BTC. It repurchased $193 million of its STRC preferred stock. VanEck's Matthew Sigel noted STRC briefly traded at $99.90 before slipping to $97.72 after MSCI finalized rules to remove MSTR from its indexes, with a return to the $100 par value seen as a key level to watch. Elsewhere, Bitmine (BMNR) bought $30.3 million of Ethereum, and Strive (ASST) bought 1,223 BTC, bringing its holdings to 36,818 BTC. Strategy has urged MSCI to withdraw its proposal, and the updated framework is scheduled to take effect with the November index review.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Michael Saylor’s Strategy Boosts STRC Buyback Program To $3B, Keeps BTC Buying Muted
Read the original on Yahoo Finance ↗
Keywords
bitcoincryptoMichael SaylorMSCI
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Related tickers and likely impact
BTC/USDT
▼ Likely negativeBitcoin
Relevance: medium
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $1.6T |
| Close on 10/18/2026 | 82,116.00 |
| Change that session | +0.77% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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- Strategy buys $22M in Bitcoin, repurchases $193M in STRC
Strategy, led by Michael Saylor, bought 267 Bitcoin between Oct. 12 and Oct. 16 at an average price of $82,900, for about $22.1 million, lifting its holdings to 848,517 BTC. In the same period it repurchased 1.94 million shares of its Stretch (STRC) preferred stock for $193.1 million. Its board raised the digital credit securities repurchase authorization to $3 billion from $2 billion, leaving $1.16 billion available as of Sunday. The Bitcoin purchases were funded mainly by $22 million from selling 140,872 shares of its common stock, MSTR, while the STRC repurchases used existing cash.
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