Strategy added 267 Bitcoin to its corporate treasury last week while spending $193.1 million to repurchase its variable-rate STRC preferred stock, according to a Monday filing with the U.S. Securities and Exchange Commission. The company also increased the authorized size of its preferred-securities buyback program to $3 billion from $2 billion.
The transactions show Strategy continuing to pursue two parallel priorities: expanding its Bitcoin holdings and supporting its preferred-stock securities. The Bitcoin purchase was funded primarily by issuing common MSTR shares, while the STRC repurchase used cash held by the company for general purposes.
Bitcoin purchase funded through MSTR sales
Strategy bought the 267 BTC between October 12 and October 18 at an average price of $82,900 per coin, including fees. The purchase cost $22.1 million in total. It was broadly in line with the $21.5 million Bitcoin acquisition reported for the previous week, but far smaller than the $142.7 million spent during the final week of September.
The company raised about $22 million for the latest purchase by selling 140,872 shares of its MSTR common stock through its at-the-market offering program. It contributed a further $0.1 million from cash and did not sell any preferred stock during the week.
Following the acquisition, Strategy held 848,517 BTC. The company said it had spent $64.02 billion acquiring its Bitcoin holdings, representing an average cost of $75,446 per coin.
Bitcoin is the company’s primary treasury asset, while an at-the-market offering allows it to sell shares into the market over time rather than through a single, separately priced transaction. That approach gives Strategy a mechanism to raise funds for additional purchases, although it also increases the number of common shares outstanding when stock is issued.
Strategy co-founder Michael Saylor signaled that another purchase was coming in a post on Sunday, writing that the company had “found room for more.”
$193.1 million STRC buyback
Alongside the Bitcoin purchase, Strategy repurchased 1,938,780 shares of STRC, its variable-rate Stretch preferred stock, for $193.1 million. Unlike the Bitcoin transaction, this buyback was financed from the company’s USD Cash balance, which is reserved for general corporate purposes, including Bitcoin purchases.
The latest repurchase extends a series of weekly STRC buybacks. Strategy bought back $192.4 million of the preferred stock in the previous week and $176 million the week before that. It repurchased another $151.7 million in the final week of September.
Strategy’s board raised the total authorization for its digital credit securities repurchase program to $3 billion from $2 billion. The program covers the company’s preferred securities. After the latest purchase and the increase in authorization, $1.16 billion remained available as of October 18. A separate authorization for repurchases of MSTR common stock had $1 billion remaining.
The company also paid $45.5 million in dividends during the week from its USD Reserve. That reserve is intended to cover preferred dividends and interest on debt. On October 18, the reserve held $4.83 billion, while USD Cash stood at $447.3 million. A week earlier, those balances were $4.88 billion and $640.5 million, respectively.
MSCI eligibility remains an issue
The transactions come as Strategy faces a possible change in how it is treated by MSCI, a major index provider. On October 15, MSCI finalized a rule that would make “non-operating companies” ineligible for its Global Investable Market Indexes when their balance sheets are dominated by a single asset.
MSCI is scheduled to publish the list of companies affected on November 11. The rule would take effect at the close of November 30. If Strategy were removed from relevant indexes, funds that track those benchmarks would be required to sell the affected shares.
Saylor has criticized the proposed treatment as discriminatory and urged MSCI to exclude Strategy from the rule. The issue matters because index membership can influence which institutional funds hold a company’s shares, although the source material does not state whether Strategy will ultimately be removed.
Current market picture
Moneyiar market data at 22:24 on October 19, 2026, showed Bitcoin at $82,058.76577583, up 0.61% over 24 hours but down 0.55% over seven days. Cap was trading at $0.0669694235, down 4.97% in 24 hours and 29.55% over seven days. RedStone stood at $0.1385508562, up 1.38% over 24 hours and down 10.45% over seven days. Billions Network was listed at $0.0139971939, down 0.59% over 24 hours and up 10.04% over seven days; that reading was timestamped 01:39 on September 21, 2026.
According to Decrypt, the latest filing illustrates how Strategy is using separate sources of capital for its Bitcoin accumulation and preferred-stock repurchases. The company’s Bitcoin holdings rose modestly, while its expanded buyback authorization leaves additional capacity to repurchase preferred securities.
