Strategy, the largest corporate holder of bitcoin, added 250 BTC to its treasury between October 5 and October 11, paying $21.5 million for the acquisition and lifting its total holdings to a record 848,250 BTC.

Although the size of this week's purchase declined, Strategy continued to accumulate, cementing its position as the biggest corporate owner of the asset. That standing reflects a pattern of steady weekly purchases funded through a mix of equity sales and cash — the same funding mechanics visible in this update. The figures come from the company's latest weekly update, which also detailed its preferred-stock repurchase activity and its reserve position.

Strategy Adds 250 BTC for $21.5 Million

In total, Strategy paid $21.5 million for the latest batch of bitcoin, a figure that includes fees and expenses. The company's average acquisition price for the 250 BTC was $86,194 per coin.

The purchase was funded from two sources. Net proceeds from sales of MSTR common stock covered the majority of the outlay, while the company's cash balance funded the remainder, which amounted to approximately $500,000.

Over the course of the week, Strategy sold a total of 125,183 MSTR shares, generating net proceeds of $21.0 million.

Bitcoin Treasury Reaches 848,250 BTC

As of October 11, Strategy held 848,250 BTC on its balance sheet. The company said the total amount allocated to purchasing those assets over time stands at approximately $64.0 billion, including fees and expenses.

That implies Strategy has paid an average of $75,444 per BTC across its entire bitcoin holdings — well below the $86,194 average it paid for this week's 250 BTC. The firm continues to follow its core capital approach, which relies on equity issuance and cash reserves rather than a single funding source, and remains focused on the bitcoin component of its business.

Strategy Spends $192.4 Million Repurchasing STRC Shares

Bitcoin was not the only significant investment Strategy made during the week. The company purchased 1,932,145 shares of STRC preferred stock for an aggregate purchase price of $192.4 million — an outlay that exceeded the week's bitcoin spending. The week's activity shows Strategy's capital management running on two tracks: adding to the bitcoin treasury while also adjusting the preferred-share instruments that sit inside its financing structure.

No repurchases of STRF, STRK, STRD, or MSTR securities were reported for the same period.

The STRC buyback was carried out under the company's optional preferred-stock repurchase program, under which $354.8 million remained available. A separate authorization to repurchase MSTR common stock has $1.0 billion remaining. Together, those authorizations define the repurchase capacity the company can deploy in future weekly updates without seeking new approvals.

$4.88 Billion Reserve Supports Strategy's Bitcoin Capital Framework

As of October 11, Strategy also held $4.88 billion in USD Reserve alongside a separate $640.5 million in USD cash. The USD Reserve is the reserved portion of the company's debt designated to support preferred-stock dividends and interest payments on the debt.

USD cash plays a more flexible role and may be deployed for bitcoin acquisitions, expansion of the reserves, or other aspects of capital management. Taken together, the reserve and cash balances provide more than $5.5 billion in resources for the company's capital-management needs.

The company drew $500,000 from its cash reserves for the latest bitcoin investment, with the majority of the acquisition funded through proceeds from MSTR stock sales. The buffer matters because the dividend and interest obligations tied to the company's financing instruments recur over time, and designating reserves against them is how Strategy funds those payments without disrupting the rest of its capital management.

Source: Crypto Ninjas