Strategy, a bitcoin treasury company, plans to fund more bitcoin purchases mainly through preferred-share offerings, and executive chairman Michael Saylor said it could create up to $30 billion in digital credit using its existing balance sheet without issuing new common stock or relying on further bitcoin price gains. Saylor described the possible amounts as $10 billion, $20 billion or $30 billion, and the article notes the $30 billion figure is a possible capacity rather than an announced fundraising target. CEO Phong Le said issuing digital credit would be the main way to acquire bitcoin, and that raising $1 billion to $2 billion a month through STRC could leave some proceeds in dollar reserves with the rest spent on bitcoin. In the third quarter, Strategy reported $19.53 billion in net income, driven largely by a $20.91 billion gain in the value of its digital assets, and its bitcoin holdings reached 848,517 BTC as of Oct. 25, up 26% year to date.
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bitcoincryptoStrategyMichael Saylor
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Related tickers and likely impact
BTC/USDT
▲ Likely positiveBitcoin
Relevance: high
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $1.6T |
| Close on 10/29/2026 | 77,991.89 |
| Change that session | -4.12% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- 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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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.
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Vivek’s Strive Asset Management (Nasdaq: ASST) bought 3,311 BTC for about $280 million between Oct. 5 and 9, at an average of roughly $84,500, lifting its holdings to 32,773 BTC (about $2.73 billion). Over the same period, Michael Saylor’s Strategy bought 250 BTC for about $21.5 million, so Strive outbought it roughly 13 to 1, and Strategy’s buying has shrunk for two straight weeks while its mNAV fell below 1.0 for the first time. Strategy still holds 848,250 BTC (about $51 billion), more than 25 times Strive’s stack. Strive is selling 5 million shares of new preferred stock at $100 each to raise $500 million, with a fixed 15% dividend and proceeds earmarked for more Bitcoin, which the article says amounts to $75 million a year in payouts.
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