Strategy Buys 1,036 Bitcoin for $81.9 Million as STRC Buybacks Outpace BTC Spending
Key Takeaways
- •Strategy acquired 1,036 Bitcoin for approximately $81.9 million last week at an average price of $79,012 per coin, raising its total holdings to 850,364 BTC.
- •The company's cumulative Bitcoin investment now totals $64.16 billion at an average cost of $75,456 per coin, representing roughly 4.05% of Bitcoin's maximum 21 million supply.
- •Since the start of October, Strategy has spent about $1.06 billion repurchasing STRC preferred shares, nearly five times the $219.7 million it allocated to Bitcoin purchases in the same period.
- •Last week Strategy raised $283.8 million in net proceeds by selling about 2.05 million common shares through its at-the-market program, allocating $188.3 million to STRC buybacks, $81.9 million to Bitcoin, and $13.6 million to its USD Cash balance.
- •Strategy's US dollar reserve declined to $4.77 billion after a $21.1 million draw to fund preferred stock dividends, while MSTR shares fell 3% to $125 in Monday premarket trading.

Strategy purchased 1,036 Bitcoin for approximately $81.9 million last week, lifting its total holdings to 850,364 BTC, according to a Monday filing with the US Securities and Exchange Commission. The company, the largest corporate holder of Bitcoin, discloses these weekly acquisitions and its broader treasury operations through filings with the regulator, giving market watchers a running tally of how the firm is deploying capital.
The company paid an average of $79,012 per Bitcoin for the acquisition, per its SEC filing. Strategy said it has now invested a cumulative $64.16 billion in Bitcoin at an average price of $75,456 per coin, giving it roughly 4.05% of the asset's maximum 21 million supply.
The latest purchase follows the company's acquisition of 811 BTC for $65.5 million the previous week, bringing its two most recent weekly buys to a combined 1,847 BTC for roughly $147.4 million.
STRC repurchases outpace Bitcoin spending
Since the start of October, Strategy has spent approximately $1.06 billion buying back its STRC preferred shares — nearly five times the $219.7 million it directed to Bitcoin purchases over the same period. For a company whose headline strategy has been Bitcoin accumulation, the split marks a clear shift in where its capital has been going: buying back preferred shares, not adding BTC, has taken the majority of what the company deployed since October began.
The company raised $283.8 million in net proceeds last week through its at-the-market offering program — a mechanism for selling newly issued shares into the open market at prevailing prices — selling about 2.05 million shares of its common stock (MSTR). Of those proceeds, Strategy allocated $188.3 million to repurchase roughly 1.89 million STRC shares, following $208.2 million in buybacks the week before. It spent $81.9 million on Bitcoin and allocated another $13.6 million to its USD Cash balance, making it a second straight week in which STRC repurchases outspent Bitcoin purchases.
Strategy shareholders recently approved daily dividends for four of its preferred stocks.
The company's separate US dollar reserve declined to $4.77 billion from $4.79 billion after Strategy drew $21.1 million to fund dividends on its preferred stock. Its USD Cash balance climbed about 10% to $146.2 million from $132.7 million. Future weekly filings will show whether the recent pattern — reserve draws for preferred dividends alongside buybacks that outpace Bitcoin purchases — continues.
Strategy's common stock fell 3% to $125 in Monday premarket trading, according to Yahoo Finance, while its STRC preferred shares edged down 0.06% to $99.7.
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