Strategy Buys 267 Bitcoin for $22.1 Million as STRC Buybacks Reach $193.1M

Strategy has expanded its Bitcoin treasury while channeling a significantly larger sum of cash into repurchasing its own preferred stock. In an October 19 disclosure, the firm revealed that it acquired 267 BTC for $22.1 million between October 12 and 18, bought back $193.1 million worth of STRC stock, and raised its preferred-stock buyback authorization ceiling to $3 billion.

Total spending on STRC repurchases during the week amounted to nearly nine times the capital allocated to Bitcoin, establishing that gap as the central theme of the latest treasury update.

Strategy has repurchased $193M of $STRC and acquired 267 $BTC. As of 10/18/26, we hold 848,517 BTC and $5.3B of USD Assets. We have also increased the size of our Digital Credit Securities Repurchase Program from $2.0B to $3.0B. $MSTRhttps://t.co/4o0bQBaTb0

— Strategy (@Strategy) October 19, 2026

Strategy Buys Bitcoin: 267 BTC at an Average Price of $82,900

SEC filings indicate that the newly acquired coins cost an average of $82,900 apiece, inclusive of fees. This rate sits below the $86,194 average paid for the 250 BTC purchased during the preceding week.

As of October 18, Strategy’s cumulative holdings reached 848,517 BTC, acquired for a total of $64.02 billion at an average cost of $75,446 per coin. While this latest acquisition mirrored the size of the prior week’s $21.5 million layout, it fell well short of the $142.7 million deployed during the final week of September.

To finance the purchase, the enterprise raised $22 million by selling 140,872 MSTR common shares via its at-the-market offering program, supplementing the amount with $0.1 million in cash. No preferred stock was sold during the week.

STRC Buybacks Take a Larger Share of Strategy’s Spending

Strategy drew on its USD Cash reserves to repurchase 1,938,780 shares of its variable-rate Stretch preferred stock for $193.1 million. Management has previously noted that these buybacks are intended to occur below the $100 stated value of STRC shares to help support their market price.

Following the board’s decision to lift the digital credit securities repurchase authorization from $2 billion to $3 billion, $1.16 billion remained accessible under the program as of October 18. Meanwhile, a separate MSTR common-stock repurchase program retained $1 billion in remaining capacity.

The most recent STRC transactions trail prior weekly buybacks of $192.4 million and $176 million. Consequently, defending the preferred stock has evolved into a regular budgetary priority alongside continuous Bitcoin accumulation.

On October 18, Strategy’s USD Cash pool stood at $447.3 million, down from $640.5 million the week prior. This reserve finances general operations—including Bitcoin purchases—and covered the latest STRC buyback.

A distinct USD Reserve, designated for preferred dividends and debt interest, was valued at $4.83 billion following a $45.5 million outlay for dividend payments, compared to $4.88 billion the week before.

MSCI’s November Decision Adds Risk for Strategy Shares

On October 15, MSCI finalized a regulation disqualifying certain non-operating companies from its Global Investable Market Indexes if their balance sheets are dominated by a single asset. This adjustment becomes effective at the close of November 30.

Because Strategy faces the prospect of exclusion, MSCI is set to publish the list of affected companies on November 11. Removal would compel institutional funds tracking those specific indexes to liquidate their shares. Executive Michael Saylor has publicly urged MSCI to scrap the regulation, characterizing it as “discriminatory.”

While latest regulatory filings verify that Bitcoin accumulation continues, preferred-stock repurchases absorbed the lion’s share of corporate cash. Moving forward, outcomes will depend on how Strategy splits its financial resources between these two fronts and whether MSCI ultimately applies its new rule to the company.

FAQ

When did Strategy make the 267-BTC purchase?

The purchases took place from October 12 through October 18, 2026. Strategy disclosed the completed transactions in its Monday, October 19 SEC filing.

What average price did Strategy pay for each bitcoin?

Strategy paid $82,900 per BTC on average, including fees. It funded the $22.1 million purchase mainly through MSTR common-share sales, with $0.1 million added from cash.

How many BTC did Strategy hold after the purchase?

Its holdings reached 848,517 BTC as of October 18. The company had spent $64.02 billion acquiring that position, at an average cost of $75,446 per bitcoin.

How much remained in the digital credit securities repurchase program as of October 18?

The remaining authorization was $1.16 billion after the latest repurchases and the board’s expansion of the program. That preferred-stock program is separate from the MSTR common-stock buyback authorization, which had $1 billion left.

When will MSCI publish its list of companies affected by the index rule?

MSCI plans to publish the list on November 11. The eligibility change takes effect at the close of November 30, with Strategy’s inclusion on the removal list still pending.

This article is for information only and is not financial advice.