{"id":14666,"date":"2026-10-19T19:13:50","date_gmt":"2026-10-19T19:13:50","guid":{"rendered":"https:\/\/cryptonews.uk.com\/?p=14666"},"modified":"2026-10-19T19:13:50","modified_gmt":"2026-10-19T19:13:50","slug":"strategy-discretionary-cash-falls-72-as-buyback-limit-rises","status":"publish","type":"post","link":"https:\/\/cryptonews.uk.com\/?p=14666","title":{"rendered":"Strategy discretionary cash falls 72% as buyback limit rises"},"content":{"rendered":"

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Strategy’s discretionary USD Cash fell to $447.3 million as the company spent another $193.1 million on STRC buybacks and raised its preferred-stock repurchase authorization to $3 billion.<\/p>\n

The Michael Saylor-led company disclosed on Oct. 19 that it bought Bitcoin for $22.1 million at an average price of $82,900 over the previous week. The acquisitions increased its holdings to 848,517 BTC, accumulated for approximately $64.02 billion.<\/p>\n

During the same period, Strategy spent another $193.1 million repurchasing nearly 1.94 million shares of its Variable Rate Series A Perpetual Stretch Preferred Stock (STRC), extending an aggressive campaign to support the security’s trading price near its $100 stated value.<\/p>\n

The firm’s discretionary USD Cash holdings declined about 72% to $447.3 million as of Oct. 18, down from $1.61 billion on Aug. 30. The latest weekly decline of $193.2 million comprised $193.1 million in STRC repurchases and $100,000 in Bitcoin purchases.<\/p>\n

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Chart Showing How Strategy’s Flexible USD Cash Shrank in the Past Weeks<\/figcaption><\/figure>\n

Strategy financed $22 million of its latest Bitcoin acquisitions through the sale of 140,872 common shares, using just $100,000 of USD Cash for the remainder.<\/p>\n

Meanwhile, its separate USD Reserve, designated primarily for dividend and debt-interest payments, stood at $4.83 billion after the company withdrew $45.5 million for preferred-stock dividends.<\/p>\n

Strategy expands STRC buybacks despite spending $562 million near $99<\/h2>\n

Strategy’s board increased its digital credit securities repurchase authorization by 50% to $3 billion from $2 billion, leaving approximately $1.16 billion available for additional purchases.<\/p>\n

The expansion follows the company’s spending roughly $1.84 billion to buy back STRC since it began repurchases in July.<\/p>\n

Of that amount, the company deployed $713.5 million in the last four weeks through Oct. 18, including about $561.8 million during the three weeks beginning Sept. 28, when STRC traded between $99 and $100 for most of the period.<\/p>\n

The sustained buying contrasts with Strategy’s original plan to gradually reduce repurchases as the preferred stock approached its intended trading range.<\/p>\n

In July, Chief Executive Officer Phong Le said the company would make larger purchases at deeper discounts and taper spending as STRC recovered toward par. Its initial purchases averaged about $86.53 per share, securing a discount of nearly 13.5%.<\/p>\n