{"id":14419,"date":"2026-10-13T11:44:54","date_gmt":"2026-10-13T11:44:54","guid":{"rendered":"https:\/\/cryptonews.uk.com\/?p=14419"},"modified":"2026-10-13T11:44:54","modified_gmt":"2026-10-13T11:44:54","slug":"strc-buybacks-cost-strategy-nearly-9x-its-bitcoin-spending","status":"publish","type":"post","link":"https:\/\/cryptonews.uk.com\/?p=14419","title":{"rendered":"STRC buybacks cost Strategy nearly 9x its Bitcoin spending"},"content":{"rendered":"

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Strategy (formerly MicroStrategy) bought 250 Bitcoin for $21.5 million last week while spending $192.4 million to repurchase its STRC preferred shares.<\/p>\n

On Oct. 12, the Michael Saylor-founded company disclosed that it acquired just 250 Bitcoin for about $21.5 million between Oct. 5 and Oct. 11, extending a slowdown that saw purchases fall to 334 BTC the previous week.<\/p>\n

Meanwhile, Strategy repurchased 1,932,145 shares of its variable-rate STRC preferred stock for $192.4 million, nearly nine times its Bitcoin spending, as the company continued its STRC buybacks.<\/p>\n

The spending gap highlights the competing demands on Strategy’s capital: Bitcoin accumulation and support for its preferred securities.<\/p>\n

STRC buybacks consume more capital<\/h2>\n

The latest acquisition lifted Strategy’s holdings to 848,250 BTC, purchased for approximately $64 billion at an average price of $75,444 per coin.<\/p>\n

Strategy paid an average of roughly $86,194 for its latest Bitcoin purchases, compared with $85,839 for the 334 BTC acquired during the previous reporting period.<\/p>\n

The slowdown comes as Bitcoin struggles to sustain its recovery after last week’s market downturn briefly pushed the cryptocurrency toward $80,000.<\/p>\n

However, Strategy’s preferred-stock repurchases have continued accelerating.<\/p>\n

STRC repurchase spending rose from $176.3 million during Sept. 28\u2013Oct. 4 to $192.4 million during Oct. 5\u201311.<\/p>\n

The company reported $354.8 million of remaining authorization under its digital credit securities repurchase program.<\/p>\n

The purchases have also become more expensive as STRC approaches its $100 stated amount.<\/p>\n

Strategy paid an implied average price of approximately $99.58 per share in its latest buyback, representing a discount of less than 0.5% to the preferred stock’s stated value.<\/p>\n

That is notable because the company’s July repurchase policy envisaged buying more aggressively at deeper discounts and reducing purchases as STRC approached $100.<\/p>\n

The buybacks also reduce future dividend obligations by retiring outstanding preferred shares. At STRC’s current 12% annual dividend rate, the latest repurchases would eliminate approximately $23.2 million in annualized dividend payments, assuming that rate remains unchanged.<\/p>\n