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

Strategy has expanded its Bitcoin holdings once again, though preferred stock buybacks claimed a significantly larger portion of its financial resources. In an October 19 disclosure, the firm revealed it acquired 267 BTC for $22.1 million between October 12 and 18, while simultaneously repurchasing $193.1 million worth of STRC stock and boosting its preferred-stock buyback authorization to $3 billion.

The capital directed toward STRC repurchases during the week amounted to nearly nine times the expenditure on Bitcoin, highlighting a notable shift in the company’s 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 digital assets were acquired at an average price of $82,900 each, inclusive of fees. This rate sits lower than the $86,194 average paid for the 250 BTC purchased during the preceding week.

As of October 18, Strategy’s cumulative holdings stood at 848,517 BTC, purchased for a total of $64.02 billion, which translates to a lifetime average cost of $75,446 per coin. While the latest acquisition matched the scale of the prior week’s $21.5 million purchase, it trailed significantly behind the $142.7 million deployed during the final week of September.

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

STRC Buybacks Take a Larger Share of Strategy’s Spending

Drawing from its USD cash reserves, Strategy bought back 1,938,780 shares of its variable-rate Stretch preferred stock for $193.1 million. The organization has previously stated that these repurchases target shares trading beneath their $100 stated value in order to bolster market support for the stock.

Following a board resolution, the digital credit securities repurchase authorization was elevated from $2 billion to $3 billion. Accounting for the weekly transactions and this expansion, $1.16 billion remained available for use as of October 18, whereas the separate MSTR common-stock buyback initiative retained $1 billion in remaining capacity.

This latest round of STRC buybacks follows similar outlays of $192.4 million the previous week and $176 million the week before that. Sustaining the preferred equity has thus emerged as a frequent capital allocation priority running parallel to Bitcoin accumulation.

Strategy reported $447.3 million in USD cash on October 18, marking a decline from the $464.05 million reported the week prior. This liquidity pool supports general corporate needs, such as Bitcoin purchases, and financed the most recent STRC buyback.

Meanwhile, a separate USD reserve dedicated to preferred dividends and debt interest registered at $4.83 billion, following a disbursement of $45.5 million toward dividend payments. The reserve had previously stood at $4.88 billion.

MSCI’s November Decision Adds Risk for Strategy Shares

On October 15, MSCI finalized a regulation disqualifying specific non-operating entities from its Global Investable Market Indexes if their balance sheets are dominated by a single asset. The policy shift is scheduled to take effect at the conclusion of November 30.

Strategy remains vulnerable to potential exclusion, with MSCI set to unveil the roster of impacted enterprises on November 11. Omission from the indexes would compel index-tracking funds to liquidate their positions in the affected shares. Michael Saylor has publicly urged MSCI to scrap the guideline, characterizing it as “discriminatory.”

While the regulatory filing demonstrates a persistent commitment to acquiring Bitcoin, preferred-stock buybacks absorbed the vast majority of cash outflows. Future developments will depend on how management divides its capital between these competing objectives and how MSCI applies its newly minted index rules.

?FAQ

01When 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.

02What 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.

03How 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.

04How 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.

05When 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.