Strategy Buys 250 Bitcoin, Retires Nearly 2M STRC Shares
On Oct. 12, 2026, Strategy announced a 250 BTC purchase and a $192.4 million STRC preferred share repurchase, growing its bitcoin treasury to 848,250 BTC.
Key takeaways
- **Treasury hits 848,250 BTC**. Strategy's total bitcoin holdings reached 848,250 BTC as of October 11, 2026, after its latest 250 BTC purchase.
- **STRC buyback totals $192.4M**. The company repurchased 1,932,145 STRC preferred shares worth $192.4 million, with $354.8 million left in its buyback program.
- **Cumulative BTC spend is $64B**. Strategy has spent roughly $64 billion acquiring bitcoin, at an average price of $75,444 per BTC.
What happened
On October 12, 2026, Michael Saylor's Strategy announced it had acquired 250 BTC between October 5 and October 11 for approximately $21.5 million, at an average price of $86,194 per coin including fees and expenses. The purchase grew the company's total bitcoin treasury to 848,250 BTC, bringing its cumulative bitcoin investment to roughly $64 billion at an average acquisition cost of $75,444 per BTC.
The same disclosure confirmed Strategy repurchased 1,932,145 shares of its variable-rate Series A perpetual Stretch preferred stock, known as STRC, for $192.4 million. The company reported $354.8 million remains available under its preferred stock repurchase program, and $21 million of the latest bitcoin purchase was financed by selling 125,183 MSTR common shares, with the remaining $500,000 coming from existing cash.
Why it matters
The dual announcement underscores Strategy's two-pronged capital management strategy, combining continued bitcoin accumulation with active management of its preferred stock liabilities. The company's combined U.S. dollar reserves and cash holdings stood at approximately $5.5 billion as of October 11, providing flexibility to pursue both goals without external financing for its latest bitcoin purchase.
What the data shows
- Total bitcoin holdings: 848,250 BTC as of October 11, 2026
- Latest BTC purchase: 250 BTC for $21.5 million at average $86,194 per BTC
- Cumulative BTC investment: ~$64 billion at average $75,444 per BTC
- STRC repurchase: 1,932,145 shares for $192.4 million
- Remaining STRC buyback capacity: $354.8 million
- Liquidity as of Oct 11: $4.88 billion USD reserves + $640.5 million cash
Questions readers ask
How much bitcoin does Strategy hold?
As of October 11, 2026, Strategy holds 848,250 BTC, following its latest acquisition of 250 BTC. The company's cumulative bitcoin investment totals roughly $64 billion, at an average acquisition price of $75,444 per BTC.
How much did Strategy spend on its latest bitcoin purchase?
Strategy acquired 250 BTC between October 5 and October 11, 2026, for approximately $21.5 million, at an average price of $86,194 per coin including fees and expenses.
What is the status of Strategy's STRC repurchase program?
Strategy repurchased 1,932,145 STRC preferred shares for $192.4 million in its latest announcement. $354.8 million remains available under its preferred stock repurchase program.
Sources · 5 publishers
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Strategy Buys More Bitcoin and Retires Nearly 2M STRC Shares -
Strategy Buys 250 Bitcoin and Repurchases $192 Million in Preferred Shares
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Strategy Scoops Up $21.5M in Bitcoin, Buys Back $192M in STRC -
Strategy spends nearly 9 times as much on STRC as Bitcoin -
Strategy Acquires 250 Bitcoin and Repurchases $192 Million in STRC, MSTR Stock Jumps