{"id":14104,"date":"2026-10-05T17:41:48","date_gmt":"2026-10-05T17:41:48","guid":{"rendered":"https:\/\/cryptonews.uk.com\/?p=14104"},"modified":"2026-10-05T17:41:48","modified_gmt":"2026-10-05T17:41:48","slug":"strategy-buys-just-334-bitcoin-as-preferred-share-buybacks-reach-1-45-billion","status":"publish","type":"post","link":"https:\/\/cryptonews.uk.com\/?p=14104","title":{"rendered":"Strategy buys just 334 Bitcoin as preferred-share buybacks reach $1.45 billion"},"content":{"rendered":"

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Strategy (formerly MicroStrategy) made its smallest positive Bitcoin purchase of 2026 even as a 43% quarterly rally in the cryptocurrency helped generate a $20.9 billion gain on its digital-asset holdings.<\/p>\n

In an Oct. 5 filing with the US Securities and Exchange Commission (SEC), the Michael Saylor-founded company said it bought 334 Bitcoin for $28.7 million between Oct. 1 and Oct. 4 at an average price of $85,838.80, taking its holdings to 848,000 BTC. The acquisition fell below the previous yearly low of 520 BTC bought in June.<\/p>\n

The slowdown contrasts with the performance of Strategy\u2019s existing Bitcoin position. Bitcoin gained about 43% during the third quarter, lifting the carrying value of the company\u2019s holdings to $70.82 billion as of Sept. 30.<\/p>\n

Strategy estimated a $20.91 billion digital-asset gain for the quarter under fair-value accounting. The gain does not represent realized trading profit, but the rally pushed its Bitcoin value above its roughly $63.97 billion aggregate acquisition cost.<\/p>\n

Chaitanya Jain, Strategy\u2019s head of investor relations, said:<\/p>\n

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\u201cEvery $1,000 increase in BTC price [during the third quarter represented] a $848 million fair market value gain to Strategy.\u201d<\/p>\n<\/blockquote>\n

Yet comparatively little new capital went toward adding to that position during the past week.<\/p>\n

Strategy sold 92,894 MSTR shares for $15.7 million to help finance the latest purchase and supplied another $13 million from cash. It acquired 848,000 BTC at an average cost of $75,440.70 each.<\/p>\n

At the same time, the company continues to commit considerably more capital to STRC, its variable-rate perpetual preferred stock.<\/p>\n

STRC support enters another phase<\/h2>\n

Strategy spent $176.3 million repurchasing about 1.77 million STRC shares between Sept. 28 and Oct. 4, more than six times what it spent buying Bitcoin during the latest reporting period.<\/p>\n

The purchases pushed total spending under its preferred-stock repurchase authorization to roughly $1.45 billion, leaving $547.2 million available under a program that Strategy doubled to $2 billion in September.<\/p>\n

Despite that intervention, STRC has yet to return sustainably to its $100 stated amount.<\/p>\n

Strategy’s own investor materials say its objective is for STRC to trade over time between $99 and $100. The preferred security last closed at $100 in mid-May and has remained below that level for nearly 100 consecutive trading sessions, even after recovering sharply from its summer lows.<\/p>\n

The company has already taken several steps to close that gap.<\/p>\n

It raised STRC’s annual dividend rate to 12%, began systematic repurchases and shifted dividend payments from monthly to semi-monthly earlier this year. Strategy said that June change was intended to improve the product’s trading characteristics.<\/p>\n