Strategy Bought 250 Bitcoin—Then Spent Nearly Nine Times More Buying Back STRC

By Isaac • October 12, 2026 3:09 pm •

Strategy bought more Bitcoin last week, but the company’s biggest capital move was not the Bitcoin purchase.

The firm acquired 250 BTC for about $21.5 million while spending $192.4 million to repurchase its STRC preferred stock. Put plainly, Strategy directed nearly nine times as much money toward retiring STRC shares as it did toward adding Bitcoin.

That does not mean the company has abandoned its Bitcoin strategy. It does mean investors should look past the familiar “Strategy bought Bitcoin” headline and examine how management is balancing its treasury, preferred securities and cash.

Strategy has acquired 250 $BTC and repurchased $192M of $STRC. As of 10/11/26, we hold 848,250 BTC and $5.5B of USD Assets. $MSTR