Strategy Keeps Buying: Third October Purchase Brings Bitcoin Spending to $73 Million
Key Takeaways
- •Strategy bought 267 BTC for slightly more than $22 million last week, lifting its total bitcoin holdings to 848,517 coins worth approximately $69.5 billion.
- •The acquisition was Strategy's third bitcoin purchase of October, bringing the company's monthly bitcoin spending to $73 million.
- •Strategy shares gained nearly 2% to about $139 on Monday morning but remain down 17% over the past month and 11% year to date.
- •Monday's filing also showed Strategy repurchased $193.1 million of its STRC preferred stock, which has been trading below its $100 face value.
- •MSCI is moving forward with a proposal to classify non-operating companies as ineligible for its Global Investable Market Indexes, which could eventually remove Strategy from the index and shrink its passive investor base.
Strategy, the largest corporate holder of bitcoin, bought another 267 BTC last week, lifting its total holdings to 848,517 coins — worth roughly $69.5 billion at today's prices. The purchase marked the company's third bitcoin buy of October, continuing an accumulation pace of about $22 million per week.
According to a Monday filing, the software company said it spent slightly more than $22 million on the new bitcoins. The Form 8-K is the document public companies file with the U.S. Securities and Exchange Commission to disclose material corporate events, and it has served as the channel through which Strategy keeps markets informed of its bitcoin accumulation.
The latest acquisition was slightly larger than the previous week's transaction, when Strategy again spent $22 million, this time on 250 BTC. Including the most recent purchase — its third of the month — the company has now spent $73 million on bitcoin so far in October.
BREAKING: Michael Saylor's Strategy buys 267 BTC worth $22 million pic.twitter.com/16yaYZikHw
— Bitcoin Magazine (@BitcoinMagazine) October 19, 2026
Strategy stock (NASDAQ: MSTR) was trading nearly 2% higher Monday morning, New York time, at about $139 per share. Despite the uptick, MSTR has dropped 17% over the past month and is down 11% year to date.
Monday's filing also shows that Strategy repurchased $193.1 million of its STRC preferred stock. The company has bought back shares throughout the year as its STRC preferred stock has traded below its $100 face value amid market volatility and index changes. That face value acts as the reference price for the shares, so buying them back below it allows the company to retire them for less than par.
Strategy — formerly MicroStrategy — started buying bitcoin in August 2020 as a way to generate better returns for its shareholders. It has since spent around $64 billion on BTC, cementing its position as the largest corporate holder of the asset. At today's prices, that stack is worth more than the company paid to build it. Its shares allow investors to gain exposure to the leading cryptocurrency without having to buy bitcoin themselves. The company is now also focusing on products that pay investors yield via its STRF, STRC, STRK, and STRD preferred shares.
Strategy could face trouble ahead, however. Morgan Stanley Capital International said last week that it is moving ahead with a proposal "to define and classify non-operating companies as ineligible for inclusion in the MSCI Global Investable Market Indexes." Such a move could eventually remove Strategy from the index, leading to fewer institutional investors holding the stock — funds that track MSCI hold the shares of their constituents, which is why index eligibility directly shapes a stock's passive ownership base. How MSCI finalizes and applies the new classification is now among the details for Strategy shareholders to watch.
This article first appeared on Bitcoin Magazine and is written by Mathew Di Salvo.
