- Strategy bought 267 BTC between October 12 and October 18, 2026, for about $22.1 million, bringing its holdings to 848,517 BTC.
- The firm repurchased nearly 1.94 million STRC shares for $193.1 million in the same period, and its board raised the buyback authorization to $3 billion.
- A stockholder vote on October 28, 2026 could allow Strategy to pay daily STRC dividends starting in November.
Bitcoin treasury firm Strategy added to its bitcoin holdings and expanded its STRC preferred stock buyback in the period from October 12 to October 18, 2026. The company’s purchases were funded mainly by sales of its MSTR common stock, and its board increased the buyback’s authorized total to $3 billion. The moves come ahead of a shareholder vote later in October that could change how STRC dividends are paid.
What Happened
According to an SEC filing, Strategy acquired 267 BTC between October 12 and October 18, 2026, at an average price of $82,900, for a total of $22.1 million. After the purchase, the company holds 848,517 BTC, which it has acquired for roughly $64.02 billion at an average price of $75,446 per bitcoin.
The latest purchase followed a 250 BTC acquisition that the company had announced earlier in the same period. Co-founder Michael Saylor previewed the buy in a post on X dated October 18, 2026, writing: “We found room for more orange.”
Strategy funded the purchase primarily through the sale of 140,872 MSTR shares, which generated $22 million. The remaining $100,000 came from the company’s USDC cash pool.
The company also continued its buyback of STRC shares. During the same period, Strategy repurchased nearly 1.94 million shares for $193.1 million. Its board of directors approved raising the aggregate purchase price authorized under the program from $2 billion to $3 billion. Under the revised authorization, Strategy could still repurchase up to $1.16 billion of STRC shares.
Separately, the company is preparing for a vote on October 28, 2026. If stockholders approve the proposal, Strategy would be able to pay daily STRC dividends beginning in November.
Why It Matters
For investors, the filing offers a view of how Strategy is building its bitcoin position and how it is financing that growth. Selling MSTR shares to buy bitcoin links the company’s equity performance to its treasury strategy. The average purchase price of $82,900 in this period sits above the firm’s overall average cost of $75,446 per bitcoin, which means recent buys were made at higher prices than its earlier acquisitions.
The STRC buyback is also notable. Repurchasing preferred shares while the security trades below its $100 par value could reduce the amount of STRC outstanding, while the proposed daily dividend would change the security’s payment structure if approved. Investors following the company’s capital structure will want to track how these two programs interact.
For the broader crypto market, Strategy’s buying is often watched as a signal of institutional demand for bitcoin. The size of this period’s purchase is modest compared with the firm’s total holdings, but the continued accumulation keeps the company among the largest corporate holders of bitcoin.
Market Context
Bitcoin treasury firms hold bitcoin on their balance sheets as a long-term reserve asset, and their share prices often move with both bitcoin and their own funding activity. In this case, the MSTR stock was trading at around $140 in pre-market activity, up more than 2% at that point, according to the source report. However, the stock had fallen more than 11% over the preceding week.
STRC was trading at around $98 in pre-market activity, according to TradingView data cited in the report. That price remains below its $100 par value. The security has recovered from a low of around $70 over the past three months, though the source report does not state the exact percentage gain, so this article does not give one.
The company’s activity also reflects the dual role of its equity securities. MSTR stock has been sold to fund bitcoin purchases, while STRC is being repurchased under a program the board has expanded. Both moves draw on the same corporate capital base, which makes the funding mix a useful indicator for observers.
What to Watch Next
Readers should follow several items in the coming weeks:
- The October 28, 2026 stockholder vote on whether Strategy can pay daily STRC dividends in November.
- Future SEC filings, which will show whether the company continues buying bitcoin at a similar pace and how it funds those purchases.
- Remaining STRC buyback capacity, currently up to $1.16 billion under the revised program, and how quickly the company uses it.
- MSTR and STRC trading levels, particularly STRC’s position relative to its $100 par value.
Strategy’s announcements are typically disclosed through regulatory filings and public statements from Saylor and company leadership, so these sources are the most reliable place to confirm new activity.
Source: original report
