Strategy’s Bitcoin Buy Dwarfed by STRC Share Repurchases
Strategy reported buying 250 BTC between October 5 and 11, its fourth consecutive week of acquisitions, at an average price of $86,194 and a total cost of about $21.5 million. In the same week, it repurchased 1,932,145 STRC preferred shares for $192.4 million, or about $99.58 each, roughly nine times its Bitcoin outlay. As of October 11, the company held 848,250 BTC with a cumulative investment near $64 billion, and it reported a $4.88 billion reserve for dividends and interest plus $640.5 million in cash.
Strategy said it acquired 250 BTC from Oct. 5–11, its fourth straight weekly purchase. The coins cost about $21.5 million, averaging $86,194 each. In the same period, it bought back 1,932,145 STRC preferred shares for $192.4 million, or $99.58 apiece. By Oct. 11, it held 848,250 BTC, with roughly $64 billion invested at a $75,444 average. It also reported a $4.88 billion dividend/interest reserve and $640.5 million cash.
STRC pays a 12% annual dividend under a June 29, 2026, plan, with a target market price of $99–$100 against $100 par. Buying below par can lower the base for future dividends and preserve flexibility. The week's spending leaned toward that goal, while BTC accumulation continued.
Retail and institutional investors may read Strategy’s mix of Bitcoin purchases and STRC buybacks as a reminder that corporate crypto exposure carries financing and liability risks, not just price direction. Preferred shareholders could be affected by buybacks that aim to manage dividend costs and support the shares near par. The broader crypto market may also take fewer one-dimensional signals from corporate BTC buys, since how a company funds them and manages obligations can shape its resilience and influence sentiment.