Company Strategy acquired another 267 BTC, increasing its total holdings to a record 848,517 BTC, and also repurchased $193 million worth of STRC preferred shares and raised the buyback limit for its digital credit securities to $3 billion.
According to a statement by Executive Chairman Michael Saylor dated October 19, as of October 18 the company’s holdings amounted to approximately $5.3 billion.
The latest disclosure followed a statement Saylor made over the weekend about an upcoming additional bitcoin purchase, continuing the company’s practice of announcing changes to its treasury holdings at the start of the week. It shows that Strategy is allocating capital both to accumulating bitcoin and to repurchasing its preferred securities.
The new bitcoin purchase was smaller than several of Strategy’s other acquisitions earlier in the year, though it did raise the company’s reported holdings above the previous high. The larger financial transaction involved STRC, which has become an important part of Strategy’s capital management activities.
Strategy’s BTC holdings reach a new record
Strategy’s latest acquisition of 267 BTC increased the company’s holdings from 848,250 BTC on October 11 to 848,517 BTC on October 18. The reported increase matches the amount of bitcoin the company, according to Saylor, acquired over the latest reporting period.
The company currently owns approximately 4.04% of the maximum bitcoin supply of 21 million coins.
The previous weekly bitcoin purchase amounted to 250 BTC worth $21.5 million in the period from October 5 to October 11. In Strategy’s report dated October 12, the average purchase price was $86,194 per coin, including fees and expenses.
Of that previous purchase, approximately $21 million was financed through the sale of MSTR common shares, while another $500,000 came from available cash. The company reported aggregate bitcoin acquisition costs of approximately $64 billion, corresponding to an average cost of $75,444 per coin.
Saylor’s October 19 statement did not specify the price paid for the new 267 BTC, nor the sources of financing. Without detailed information about the latest transaction, it is impossible to accurately calculate the total purchase cost and the average acquisition price.
Strategy’s bitcoin holdings continue to change as the company buys, sells, and reallocates assets through its treasury operations. The latest report shows an updated balance but does not specify the wallets in which the newly acquired coins are held.
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