Strategy Adds 250 BTC and Buys Back $192.4 Million of STRC Preferred

Strategy Inc (MSTR ) announced on October 12, 2026 that it acquired 250 bitcoin for an aggregate $21.5 million and repurchased 1,932,145 shares of its STRC preferred stock for an aggregate $192.4 million, both during the period from October 5, 2026 to October 11, 2026, according to the company’s capital markets and capital management update.

The release, issued October 12, 2026 from Tysons Corner, Virginia, is organized into four updates: sales made under the company’s at-the-market offering program, changes to its bitcoin holdings, activity under its share repurchase programs, and the balances of its USD Reserve and USD Cash. Each update covers activity during the period from October 5, 2026 to October 11, 2026, with holdings, dollar balances, and remaining issuance capacity reported as of October 11, 2026.

The company stated that the 250 BTC were purchased at an average price of $86,194 per bitcoin, inclusive of fees and expenses. Of the $21.5 million aggregate purchase price, $21.0 million was funded using net proceeds from sales of MSTR Class A Common Stock under the company’s at-the-market offering program, and $0.5 million was funded using USD Cash.

Following the purchases, Strategy held 848,250 BTC as of October 11, 2026. The company reported an aggregate purchase price of $64.00 billion for the total holdings and an average purchase price of $75,444 per bitcoin, both inclusive of fees and expenses.

At-The-Market Program Activity

Strategy sold 125,183 shares of MSTR Class A Common Stock under its at-the-market program during the period, generating net proceeds of $21.0 million. The net proceeds figure is presented net of sales commission, and the company states the proceeds were used to fund bitcoin purchases. No shares of STRF, STRC, STRK, or STRD preferred stock were sold under the program during the period.

The company’s tables list the remaining capacity available for issuance and sale under the at-the-market program as of October 11, 2026. For MSTR Class A Common Stock, $18,807.6 million remained available. Among the preferred series, remaining capacity was $1,619.3 million for STRF Stock, the 10.00% Series A Perpetual Strife Preferred Stock; $17,510.8 million for STRC Stock, the Variable Rate Series A Perpetual Stretch Preferred Stock; $2,100.0 million for STRK Stock, the 8.00% Series A Perpetual Strike Preferred Stock; and $4,014.8 million for STRD Stock, the 10.00% Series A Perpetual Stride Preferred Stock. For preferred shares, the notional value represents the total face value of shares sold, which the company uses to calculate dividends on those shares.

STRC Repurchase and Dollar Balances

The repurchase covered 1,932,145 shares of STRC Stock, the company’s Variable Rate Series A Perpetual Stretch Preferred Stock, for an aggregate purchase price of $192.4 million. No shares of STRF, STRK, STRD, or MSTR were repurchased during the period.

Following the activity, $354.8 million of aggregate purchase price remains available under Strategy’s digital credit securities repurchase program, which covers the company’s preferred stock. An additional $1.0 billion of aggregate purchase price remains available under the company’s separate MSTR Stock repurchase program.

The update also discloses the two U.S. dollar balances Strategy maintains under its capital framework. The first, which the company calls the USD Reserve, is intended to support the payment of dividends on its preferred stock and interest on its outstanding indebtedness. The second, USD Cash, is maintained by management for broader general Bitcoin (BTC ) Treasury Company purposes, which the company states may include acquiring bitcoin, expanding the USD Reserve, broader capital management uses, and other similar purposes.

Strategy used $0.5 million of USD Cash to fund bitcoin purchases during the period. As of October 11, 2026, the USD Reserve balance stood at $4.88 billion and the USD Cash balance stood at $640.5 million.

Strategy describes itself as the largest institutional holder of bitcoin and the world’s first Bitcoin Treasury Company. Its securities are listed on Nasdaq under the symbols STRF, STRC, STRK, STRD, and MSTR, and on the Luxembourg Stock Exchange under the symbol STRE.