Key Takeaways
- Strategy acquired another 250 BTC for $21.5 million, bringing its total bitcoin holdings to 848,250 BTC.
- Michael Saylor confirmed the purchase Monday, following Sunday’s teaser about adding more bitcoin.
- Strategy also repurchased $192.4 million in STRC shares while maintaining approximately $5.5 billion in dollar assets.
Michael Saylor wasn’t kidding when he told his millions of X followers Sunday that “There’s always room for more orange.” Less than 24 hours later, his company, Strategy, confirmed another bitcoin acquisition, adding 250 BTC to its already enormous treasury.
The latest purchase cost approximately $21.5 million and pushed the company’s holdings to 848,250 BTC. But the bitcoin purchase was only part of Monday’s announcement, which also revealed a $192.4 million repurchase of Strategy’s STRC preferred shares.
Strategy’s Bitcoin Treasury Reaches 848,250 BTC
On Monday, Oct. 12, 2026, Strategy disclosed that it acquired 250 BTC between Oct. 5 and Oct. 11 at an average price of $86,194 per coin, including fees and expenses.
The acquisition brings Strategy’s cumulative bitcoin investment to approximately $64 billion, with an average acquisition price of $75,444 per BTC. Saylor shared the news with his 5.2 million X followers, writing:
“Strategy has acquired 250 BTC and repurchased $192M of STRC. As of 10/11/26, we hold 848,250 BTC and $5.5B of USD Assets. USD Duration is 3.5 yrs and STRC’s BTC Credit is 52 bps assuming 10% BTC ARR, 40% BTC Vol, and a BTC price of $82,252.”
The company’s latest regulatory disclosure shows that $21 million of the bitcoin purchase was financed through proceeds from selling 125,183 shares of MSTR common stock. Another $500,000 came from existing cash.
Beyond accumulating bitcoin, Strategy repurchased 1,932,145 shares of its variable-rate Series A perpetual Stretch preferred stock, known as STRC, for approximately $192.4 million. The company reported that $354.8 million remains available under its preferred stock repurchase program.
As of Oct. 11, Strategy held $4.88 billion in its U.S. dollar reserve alongside $640.5 million in additional cash. The latest figures illustrate Strategy’s two-pronged capital management approach, combining continued bitcoin accumulation with preferred stock repurchases and substantial dollar liquidity.
While the company spent $21.5 million acquiring more bitcoin, it committed nearly nine times that amount to buying back STRC shares.
