Strategy Buys 250 Bitcoin and Repurchases $192.4 Million of Preferred Stock
Strategy disclosed on October 12, 2026 that it bought 250 Bitcoin during October 5–11 for $21.5 million, taking its holdings to 848,250 BTC. It raised $21 million by selling 125,183 Class A shares and also used $500,000 in cash for the purchase. Separately, Strategy repurchased 1.93 million preferred shares for $192.4 million, while chairman Michael Saylor indicated the company could make further Bitcoin purchases.
Why it matters
The transaction increases Strategy’s Bitcoin exposure while the common-share issuance provides acquisition funding and the preferred-share repurchase changes its capital structure. Saylor’s comments suggest continued interest in buying Bitcoin, but no purchase size or timetable was disclosed.
Key facts
- 1Strategy reported the Bitcoin purchase on October 12, 2026, covering the week of October 5–11, 2026. gurufocus.com
- 2The company bought 250 Bitcoin for $21.5 million, bringing total holdings to 848,250 BTC. gurufocus.com
- 3The 250 Bitcoin were acquired at an average price of $86,194 per bitcoin, while the total holdings have an average cost of $75,444 per bitcoin. gurufocus.com
- 4Strategy sold 125,183 Class A shares for $21 million in net proceeds and added $500,000 from existing cash to fund the Bitcoin purchase. finance.yahoo.com
- 5Strategy repurchased 1.93 million preferred shares for $192.4 million. gurufocus.com
Open questions
- The earlier 334-Bitcoin purchase described is a separate transaction from the 250-Bitcoin purchase.
Summary written by AlphAI AI Desk from 17 of 21 sources. Not investment advice. Figures are as stated by the linked sources.