ChainCatcher reports that Bitcoin News posted on X that Strategy spent $22.1 million to purchase Bitcoin and $193.1 million to repurchase its own STRC preferred shares last week. Between October 12 and 18, Strategy added 267 Bitcoin, with an average purchase price of $82,900; the funds came from the sale of 140,872 common shares, increasing its Bitcoin holdings to 848,517. Strategy’s board also increased the authorization for its digital credit repurchase program from $2 billion to $3 billion.
Strategy Bitcoin Holdings Reach 848,517 BTC, Repurchase STRC Preferred Shares for $193.1M
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Summary
Strategy’s Bitcoin holdings reached 848,517 BTC after purchasing 267 BTC for $22.1 million at an average price of $82,900 per BTC between October 12 and 18. The company also spent $193.1 million to repurchase STRC preferred shares, funded by the proceeds from 140,872 common shares. Strategy’s board increased its digital asset repurchase authorization to $3 billion. Altcoins to watch may benefit from increased liquidity and share buybacks.
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