Strategy, the largest corporate Bitcoin holder, acquired 267 Bitcoin between October 12 and October 16. The company spent $22.1 million on this purchase, with an average price of $82,900 per coin. These acquisitions bring the total corporate holdings to 848,517 BTC, valued at $64.02 billion based on the purchase cost.
The company funded the Bitcoin purchases by selling 140,872 shares of its common stock, MSTR, generating $22 million in proceeds. Simultaneously, Strategy repurchased 1.94 million shares of its Stretch (STRC) preferred stock for $193.1 million using existing cash reserves.
The board of directors increased the authorization for the digital credit securities repurchase program from $2 billion to $3 billion. As of Sunday, $1.16 billion remains available under this program. The company maintains a $4.83 billion reserve for dividends and debt interest, plus $447.3 million in cash.
The recent STRC buyback follows a similar transaction from the week ending October 9, when the company acquired 250 Bitcoin for $21.5 million and spent $192.4 million on STRC shares. Following the latest filings, MSTR shares rose over 2.5% in premarket trading on Monday.
