Michael Saylor's Strategy has acquired an additional 250 Bitcoin and repurchased roughly $192 million of its STRC preferred stock, continuing to deploy capital across both its cryptocurrency treasury and securities repurchase programs, according to an official press release.

The October 12 corporate disclosure puts Strategy's total holdings at 848,250 BTC as of October 11, alongside approximately $5.5 billion in combined U.S. dollar reserves and deployable cash. The latest Bitcoin purchase cost $21.5 million, with $21 million funded sales of MSTR common shares and another $500,000 drawn from the company's available cash.

Bitcoin Holdings Reach 848,250 BTC

The acquisition extends Strategy's long-running Bitcoin treasury program, which increasingly operates alongside preferred-stock issuance, repurchases, and active cash management. Strategy, the enterprise software company formerly known as MicroStrategy, remains the largest publicly known corporate holder of Bitcoin. Since it began buying Bitcoin in 2020, the company has been followed by a growing number of public companies adopting similar treasury strategies, and its 848,250 BTC now equals roughly 4% of Bitcoin's capped 21 million supply. Unlike earlier periods when the company relied heavily on issuing securities to accumulate the asset, its capital framework now accommodates both purchases and selective BTC sales.

Strategy previously acquired 950 BTC during the week ending September 20, spending $75.7 million and lifting its holdings to 846,000 BTC. The latest purchase continues that accumulation even as the company directs substantial capital toward reducing its outstanding preferred-stock obligations. Strategy's Bitcoin holdings remain separate from its dollar reserves, which are allocated to different functions within its financing structure.

$192 Million STRC Buyback Targets Preferred Stock

The larger transaction in the latest reporting period involved approximately $192 million of STRC repurchases. STRC is Strategy's Variable Rate Series A Perpetual Stretch Preferred Stock, a Nasdaq-listed security designed to pay variable cash dividends. It is preferred equity rather than debt or a cryptocurrency token, and its holders do not own a direct claim on Strategy's Bitcoin.

Repurchasing STRC reduces the amount of preferred equity outstanding and can lower future dividend obligations. The financial benefit depends on the acquisition price relative to the security's stated amount and the dividend distributions that would otherwise become payable.

The transaction continues a policy Strategy introduced earlier this year when it authorized Bitcoin sales to support reserve funding, preferred dividends, and securities repurchases. The October 12 disclosure leaves $354.8 million available under the digital credit securities repurchase authorization, while a separate $1 billion authorization remains available for MSTR common-share buybacks.

Strategy Holds $5.5 Billion in Dollar Assets

Strategy ended October 11 with $4.88 billion in its USD Reserve and $640.5 million in USD Cash, bringing its combined dollar assets to approximately $5.52 billion. The two balances serve different purposes: the USD Reserve is intended primarily to support preferred-stock dividends and interest payments on outstanding debt, while USD Cash can be deployed for Bitcoin purchases, reserve expansion, and broader capital-management activities.

The company has previously used Bitcoin sales to finance STRC buybacks, establishing a framework in which cryptocurrency holdings and preferred equity can be adjusted independently. During October 5–11, Strategy allocated $500,000 of USD Cash to Bitcoin purchases.

With the newly disclosed repurchases complete, $354.8 million remains available under the digital credit buyback authorization. The company's next scheduled financial disclosures will determine any further changes to its Bitcoin holdings and preferred-stock balances. How the remaining repurchase capacity is deployed, and how the USD Reserve and USD Cash balances evolve relative to preferred dividends and debt interest, are the data points that will frame those updates.