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- Strategy Buys $22M in Bitcoin, Buys Back $193M of STRC
Strategy bought 267 BTC for $22.1 million last week and repurchased $193.1 million of its STRC preferred stock, according to an SEC filing. Its board raised the digital credit securities repurchase program cap to $3 billion from $2 billion, leaving $1.16 billion available. The Bitcoin purchase was funded mainly by selling MSTR common stock, while the STRC buybacks came from cash reserves. The company now holds 848,517 BTC, acquired for a total of $64.02 billion at an average of $75,446 per coin. Strategy also faces possible removal from MSCI's indexes under a rule on 'non-operating companies'; MSCI will publish the affected list on November 11, and such companies are treated as ineligible from the close of November 30.
- Strategy conditionally declares daily dividends as STRC hovers below $100
Strategy, the largest corporate Bitcoin holder, conditionally declared daily dividends on its STRC preferred stock for each day of November, subject to shareholder approval and related amendments. The annualized rate would stay at 12%, which management plans to keep recommending until STRC shows sustained, healthy trading near its $100 par value. STRC was down 0.2% at $99.32 on Friday. Last week, Strategy bought 250 Bitcoin for $21.5 million, bringing its holdings to 848,250 BTC, while in the week ending Oct. 4 it repurchased $176 million of STRC, more than six times its $28 million in Bitcoin purchases.
- Strategy Scoops Up $21.5M in Bitcoin, Buys Back $192M in STRC
Strategy bought 250 BTC for $21.5 million last week at an average of $86,194 per coin, bringing its holdings to a record 848,250 BTC acquired for a total of $64 billion. The company also repurchased 1.93 million STRC preferred shares for $192.4 million, leaving $354.8 million available under its buyback program. The Bitcoin purchase was funded mainly by selling about 125,000 MSTR common shares for $21 million, and as of October 11 Strategy held $5.5 billion in U.S. dollar assets, including a $4.88 billion reserve for preferred dividends and debt interest. Traders on prediction market Myriad give only a 5% chance that holdings will exceed one million BTC by the end of the year.
- Strategy adds 250 Bitcoin as holdings reach 848,250 BTC
Strategy said its Bitcoin holdings reached 848,250 BTC after buying 250 BTC for $21.5 million last week, a second straight weekly decline in purchases. The company funded $21 million through common stock sales and $500,000 from existing cash, and spent $192.4 million repurchasing STRC preferred stock, up from $176.3 million the previous week. It maintains a $4.88 billion US Reserve for preferred dividends and debt interest, plus $640.5 million in USD cash as of Sunday. The purchase followed a Sunday post by Michael Saylor signaling another buy, and Strategy typically reports purchases in SEC filings, which are closed Monday for Columbus Day. Accumulation has slowed, with holdings rising just 0.2% in the third quarter as the company acquired 7,218 BTC while selling 5,553 BTC.
- Michael Saylor's Strategy Boosts STRC Buyback Program To $3B, Keeps BTC Buying Muted
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.
- MSCI Is Moving to Drop Strategy From Its Indexes. Could That Hit Bitcoin?
MSCI is preparing to remove Strategy Inc. (MSTR) from its global indexes after classifying it as a “non-operating” company, which sent the stock down 9.6% to $137 on October 16. Final decisions are expected by November 11, 2026, with removals starting November 30. JPMorgan estimates index funds could be forced to sell about $2.8 billion of MSTR shares, though the shares would change hands rather than requiring Strategy to sell its 848,250 BTC. Still, a lower share price could make it harder for Strategy to raise funds for Bitcoin purchases, and the company has already sold $218.4 million of Bitcoin this year to support its USD Reserve. Bitcoin slipped 1.0% to $81,548 in the 24 hours before October 16.
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Bitmine Immersion Technologies added 10,452 ETH (about $24 million), bringing holdings to 6,051,933 ETH and nearing its goal of owning 5% of the network, which it calls the “Alchemy of 5%.” The bigger move this week was a buyback: the company repurchased 2.04 million shares at an average $22.48, lifting its 2026 total to 22.9 million shares for about $399.6 million. Chairman Tom Lee called it the largest equity repurchase program ever run by a crypto treasury firm and said buybacks will be made when management sees the shares as undervalued. Strategy likewise paused Bitcoin buying to spend $204.9 million repurchasing its STRC preferred stock, underscoring treasury firms’ shift toward shares over new crypto purchases.
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