Strategy Holds Over $70B in Bitcoin While STRC Funding Hits a Snag
Strategy now controls 848,000 BTC, a holding worth roughly $70.48 billion and equal to about 4.04% of all circulating Bitcoin. From October 5 to 9, its STRC preferred shares traded under their $100 face value, which triggered a buyback rule and temporarily blocked new issuance and Bitcoin purchases through that channel. The company's wider $12.69 billion funding framework remains active, with STRF trading above par and a recent purchase of 334 BTC at $85,838 per coin.
Strategy’s disclosed treasury now includes 848,000 bitcoins, about 4.04% of circulating supply, valued near $70.48 billion. Michael Saylor marked 117 acquisition points in an Oct. 11 chart. The average purchase price across the portfolio is $75,436 per coin, and with bitcoin above $83,000, the position remains profitable on paper.
From Oct. 5-9, STRC preferred shares changed hands between $99.43 and $99.66, under their $100 face amount. This activated an automatic repurchase policy, pausing fresh issuance and bitcoin buys through that vehicle. Meanwhile, STRF traded at $103.98, and Strategy’s broader $12.69 billion funding structure stayed open, supporting a 334 BTC purchase at $85,838 each.
Strategy’s scale may influence how public companies and savers view bitcoin as a treasury asset. If STRC-style funding pauses recur, investors in preferred shares could face price and liquidity uncertainty, while bitcoin holders might see sentiment effects from reduced corporate buying. The episode could also shape broader debates about corporate crypto exposure, risk management, and disclosure, affecting employees, creditors, and retirement funds with indirect market exposure.