Strategy has increased its Bitcoin holdings to 848,250 BTC following the acquisition of 250 additional coins. The company spent $21.5 million on this purchase last week, utilizing $21 million from common stock sales and $500,000 from its existing cash reserves.
The firm continues to manage its capital allocation by repurchasing STRC preferred stock, spending $192.4 million during the week compared to $176.3 million in the prior period. The preferred stock was set to open at $99.68 per share, while the MSTR common stock saw a minor increase of less than 1% before the market opened.
Financial reports indicate that Strategy maintains a $4.88 billion US Reserve, intended to cover debt interest and preferred stock dividends. Additionally, the company held a $640.5 million balance in USD cash as of Sunday. These figures follow a period of slowed accumulation, with the company acquiring 7,218 BTC and selling 5,553 BTC during the third quarter.
