Michael Saylor’s Strategy has expanded its Bitcoin reserves by acquiring another 267 BTC while continuing to repurchase shares of its STRC preferred stock. The company spent approximately $22.1 million on Bitcoin during the latest reporting period and allocated another $193.1 million to STRC share repurchases.
Strategy also received board approval to increase the maximum aggregate purchase amount under its STRC buyback program from $2 billion to $3 billion.
Strategy’s Bitcoin Holdings Climb to 848,517 BTC
According to a filing with the U.S. Securities and Exchange Commission (SEC), Strategy purchased 267 Bitcoin between October 12 and October 18. The acquisition cost approximately $22.1 million, translating to an average purchase price of $82,900 per BTC.
Following the latest transaction, the company’s Bitcoin reserves reached 848,517 BTC. Strategy reported spending approximately $64.02 billion to accumulate its holdings, with an average acquisition cost of $75,446 per Bitcoin.
We found room for more orange. pic.twitter.com/XAgiEZbXgO
— Michael Saylor (@saylor) October 18, 2026
The latest purchase follows the company’s previously announced acquisition of 250 BTC. Strategy co-founder Michael Saylor also hinted at another Bitcoin purchase in a Sunday post on X, writing, “We found room for more orange.”
MSTR Sales Finance the Latest Bitcoin Purchase
Strategy primarily financed the acquisition through the sale of its MSTR common stock. During the reporting period, the company sold 140,872 shares, generating approximately $22 million.
The remaining $100,000 was sourced from the company’s USDC cash reserves.
Market activity surrounding the announcement showed MSTR trading near $140 in pre-market dealings, representing a gain of more than 2% at the time of reporting. Despite the short-term increase, the stock had fallen by over 11% during the preceding week.
Strategy Expands STRC Repurchase Authorization to $3 Billion
Alongside its Bitcoin accumulation, Strategy continued buying back STRC preferred shares. The company repurchased approximately 1.94 million shares for $193.1 million during the week.
Its board of directors also increased the total authorized purchase amount for the program from $2 billion to $3 billion. Based on the reported figures, Strategy retained approximately $1.16 billion in available capacity for additional STRC repurchases.
The development comes ahead of an October 28 shareholder vote concerning a proposed change to STRC dividend payments. If approved, the proposal could enable the company to begin making dividend payments daily in November.
STRC Trades Below Its $100 Par Value
TradingView data showed STRC changing hands at approximately $98 in pre-market trading following the buyback announcement. This placed the shares below their $100 par value.
Nevertheless, the preferred stock has recorded a substantial recovery over the previous three months, rising more than 155% from a low near $70, according to the reported market data.
Strategy’s latest moves highlight its continued focus on expanding its Bitcoin reserves while using equity-related financing programs to support its broader capital strategy.
