Strategy buys just 334 Bitcoin as preferred-share buybacks reach $1.45 billion
Key Summary
Strategy, a company led by Michael Saylor, purchased 334 Bitcoin for $28.7 million, bringing its total holdings to 848,000 BTC, at an average price of $85,838.80. This purchase was the company's smallest in 2026, contrasting with its existing Bitcoin position, which gained 43% in the third quarter, increasing its carrying value to $70.82 billion. Strategy has committed $176.3 million to repurchasing its variable-rate perpetual preferred stock, STRC, pushing the total spending under its preferred-stock repurchase authorization to $1.45 billion.
Strategy (formerly MicroStrategy) made its smallest positive Bitcoin purchase of 2026 even as a 43% quarterly rally in the cryptocurrency helped generate a $20.9 billion gain on its digital-asset holdings. In an Oct. 5 filing with the US Securities and Exchange Commission (SEC), the Michael Saylor-founded company said it bought 334 Bitcoin for $28.7 million […]