Strategy Adds Bitcoin and Expands Preferred-Stock Buyback Authorization
+6 new sources since this summary was written
Strategy added 267 BTC for $22.1 million during October 12-18 and repurchased $193.1 million of its STRC preferred stock. Its reported bitcoin holdings reached 848,517 BTC, with the latest purchases averaging $82,900 per coin including fees; $22 million came from selling MSTR shares and $0.1 million from cash. The board increased authorization for digital credit securities repurchases to $3 billion from $2 billion.
Why it matters
The transactions increase Strategy’s bitcoin exposure while reducing the amount of STRC stock outstanding. The expanded authorization gives Strategy more capacity for future preferred-stock repurchases, while MSCI’s finalized eligibility rule creates a possible index-removal risk for the company.
Key facts
- 1Strategy purchased 267 BTC at an average price of $82,900 per coin, including fees, during October 12-18. finance.yahoo.com
- 2Strategy reported holdings of 848,517 BTC at an average acquisition price of $75,446 per coin. finance.yahoo.com
- 3The company repurchased 1,938,780 STRC shares for $193.1 million. finance.yahoo.com
- 4The board increased the authorized digital credit securities repurchase program to $3 billion from $2 billion. finance.yahoo.com
- 5MSCI will publish the companies affected by its new eligibility rule on November 11. finance.yahoo.com
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.