News
Public · Published
Strategy spends triple its weekly Bitcoin outlay on STRC buybacks
Strategy spent $208.2 million repurchasing its STRC preferred shares last week, more than three times the roughly $65.5 million it spent buying 811 Bitcoin at an average price of $80,846. It also sold MSTR shares for $164 million net, allocating $98.5 million to its USD Cash balance.
Published:
Updated:
What happened
Strategy spent $208.2 million repurchasing its STRC preferred shares last week, more than three times the roughly $65.5 million it spent buying 811 Bitcoin at an average price of $80,846. It also sold MSTR shares for $164 million net, allocating $98.5 million to its USD Cash balance.
Confirmed
Global impact / market context
The share sale supplied cash for both Bitcoin purchases and reserves, while STRC buybacks used substantially more than the Bitcoin acquisition. With STRC below its $100 target price, Strategy says it will not issue new shares below that level, limiting that funding route and potentially affecting its ability to finance further buybacks.
Analyst inference
The article describes a shift in recent outlays toward STRC repurchases: from Oct. 1 to Oct. 25, Strategy bought back about $664 million of STRC versus about $72 million of Bitcoin. The latest report also shows separate USD Cash and reserve balances, so the company had funds beyond its new Bitcoin purchase.
Confirmed
What to watch
- Watch whether STRC moves back to its $100 target price; the article says Strategy will not issue new STRC shares below that level, restricting this funding source. Analyst inference
- Future filings could show whether Strategy continues allocating more money to STRC buybacks than Bitcoin purchases, and whether it funds those outlays through MSTR share sales or cash. Analyst inference
- The article reports $132.7 million in USD Cash and a separate $4.79 billion US dollar reserve as of Sunday; later disclosures could show how these balances change. Confirmed
Affected assets
- BTC — Bitcoin