Strategy Acquires 250 Bitcoin for $21.5 Million and Repurchases $192.4 Million in STRC Preferred Stock
Strategy bought 250 BTC for $21.5 million and repurchased $192.4 million of its STRC preferred stock in the week of October 5-11, bringing total holdings to 848,250 BTC.
Why it matters
Strategy continues its dual strategy of accumulating bitcoin while aggressively buying back its STRC preferred stock to push its price toward par, where new issuance can resume. The buyback pace of $192.4 million in one week -- roughly nine times the bitcoin spend -- raises questions about cash allocation priorities and whether the board will need to expand the $2 billion buyback authorization again.
Where the sources disagree
Figures that do not reconcile
Found by comparing the numbers in the reports automatically. They are differences, not yet confirmed to be about the same thing.
reported value
$28.7 million
Bitcoin.com News
$21.5 million
CryptoPotato
Bitcoin.com News reports $28.7 million, CryptoPotato reports $21.5 million (25% apart).
reported value
$28.7 million
Bitcoin.com News
$21.5 million
Cointelegraph
Bitcoin.com News reports $28.7 million, Cointelegraph reports $21.5 million (25% apart).
reported value
$28.7 million
Bitcoin.com News
$21 million
Decrypt
Bitcoin.com News reports $28.7 million, Decrypt reports $21 million (27% apart).
reported value
$28.7 million
Cointelegraph
$21.5 million
CryptoPotato
Cointelegraph reports $28.7 million, CryptoPotato reports $21.5 million (25% apart).
reported value
$28.7 million
Cointelegraph
$21.5 million
Bitcoin.com News
Cointelegraph reports $28.7 million, Bitcoin.com News reports $21.5 million (25% apart).
reported value (strategy)
$28.7 million
Cointelegraph
$21 million
Decrypt
Cointelegraph reports $28.7 million, Decrypt reports $21 million (27% apart).
reported value (bought)
$28.7 million
Cointelegraph
$21.5 million
Unchained
Cointelegraph reports $28.7 million, Unchained reports $21.5 million (25% apart).
reported value
$21.5 million
CryptoPotato
$29 million
Decrypt
CryptoPotato reports $21.5 million, Decrypt reports $29 million (26% apart).
reported value (preferred stock strc)
$192 million
CryptoPotato
$354.8 million
Decrypt
CryptoPotato reports $192 million, Decrypt reports $354.8 million (46% apart).
reported value
$21.5 million
Bitcoin.com News
$29 million
Decrypt
Bitcoin.com News reports $21.5 million, Decrypt reports $29 million (26% apart).
reported value (strc)
$192.4 million
Bitcoin.com News
$354.8 million
Decrypt
Bitcoin.com News reports $192.4 million, Decrypt reports $354.8 million (46% apart).
reported value (bought last strategy)
$21.5 million
Cointelegraph
$29 million
Decrypt
Cointelegraph reports $21.5 million, Decrypt reports $29 million (26% apart).
size of the holdings
$640.5 million
Cointelegraph
$192.4 million
CoinGape
Cointelegraph reports $640.5 million, CoinGape reports $192.4 million (70% apart).
reported value (strategy strc)
$192
Decrypt
$100
Unchained
Decrypt reports $192, Unchained reports $100 (48% apart).
reported value (stock strc)
$354.8 million
Decrypt
$192 Million
CoinGape
Decrypt reports $354.8 million, CoinGape reports $192 Million (46% apart).
reported value (preferred)
$354.8 million
Decrypt
$192 Million
Unchained
Decrypt reports $354.8 million, Unchained reports $192 Million (46% apart).
reported value (bought)
$29 million
Decrypt
$21.5 million
Unchained
Decrypt reports $29 million, Unchained reports $21.5 million (26% apart).
reported value
$21.5
Bitcoin Magazine
$99.88
Bitcoin.com News
Bitcoin Magazine reports $21.5, Bitcoin.com News reports $99.88 (78% apart).
size of the holdings (reserves strategy)
$5.5 billion
Bitcoin.com News
$4.88 billion
Decrypt
Bitcoin.com News reports $5.5 billion, Decrypt reports $4.88 billion (11% apart).
size of the holdings (reserves)
$5.5 billion
Bitcoin.com News
$4.88 billion
CoinGape
Bitcoin.com News reports $5.5 billion, CoinGape reports $4.88 billion (11% apart).
size of the holdings
$5.5 billion
Decrypt
$4.88 billion
CoinGape
Decrypt reports $5.5 billion, CoinGape reports $4.88 billion (11% apart).
reported cost (average coin)
$75,444
CoinGape
$86,194
Unchained
CoinGape reports $75,444, Unchained reports $86,194 (12% apart).
size of the holdings (holdings)
$70 billion
CoinGape
$64.00 billion
Unchained
CoinGape reports $70 billion, Unchained reports $64.00 billion (9% apart).
size of the holdings
$70.2 billion
Bitcoin Magazine
$64.00 billion
Unchained
Bitcoin Magazine reports $70.2 billion, Unchained reports $64.00 billion (9% apart).
reported value (average)
$21.5 million
Unchained
$25 million
Bitcoin.com News
Unchained reports $21.5 million, Bitcoin.com News reports $25 million (14% apart).
Key facts
Strategy acquired 250 bitcoin for $21.5 million between October 5 and October 11
250 BTCDisputed figureReported by CryptoPotato
Strategy's total bitcoin holdings reached 848,250 BTC after the latest purchase
848,250 BTCReported by CryptoPotato
The average purchase price for the 250 BTC was $86,194 per coin including fees
86,194 USDDisputed figureReported by CryptoPotato
Strategy repurchased 1,932,145 shares of STRC preferred stock for $192.4 million between October 5 and October 11
1,932,145 sharesDisputed figureReported by Decrypt
Strategy funded the bitcoin purchase with $21 million from selling 125,183 MSTR shares and $500,000 from cash
21,000,000 USDDisputed figureReported by Cointelegraph
Strategy's cumulative bitcoin acquisition cost reached $64 billion at an average of $75,444 per coin
64,000,000,000 USDDisputed figureReported by Decrypt
The prior week (September 28 to October 4) Strategy bought 334 BTC for $28.7 million and repurchased $176.3 million of STRC
334 BTCDisputed figureReported by Cointelegraph
What happened
Strategy announced on October 12 that it acquired 250 bitcoin for $21.5 million between October 5 and 11 at an average price of $86,194 per coin, raising its treasury to 848,250 BTC. The purchase was funded by $21 million from selling 125,183 MSTR common shares through its at-the-market program and $500,000 from cash. During the same week, the company repurchased 1,932,145 shares of its STRC preferred stock for $192.4 million, leaving $354.8 million available under its $2 billion buyback authorization. The prior week, Strategy had bought 334 BTC for $28.7 million and repurchased $176.3 million of STRC. Executive Chairman Michael Saylor teased the purchase on October 11 with a chart showing 848,000 BTC and the message "There's always room for more orange." STRC shares closed near their $100 par value at $99.88-$99.90, up from a June low of $74.57.
How the story developed
- Official statement
Strategy files 8-K showing 848,000 BTC holdings and 334 BTC purchased in prior week
Oct 5 filing covers September 28 to October 4 period with $28.7M bitcoin buy and $176.3M STRC repurchase
- First report
First report by Bitcoin.com News
Strive Is Running Saylor’s Playbook and Has Raised Enough for 638 Bitcoin
- Official statement
Michael Saylor posts bitcoin purchase teaser on X
Chart shows 848,000 BTC valued at $70.48B with message 'There's always room for more orange'
- Independent corroboration
Independently corroborated by Cointelegraph
Saylor teases Strategy Bitcoin buying after ending September with STRC buybacks
- Official statement
Strategy announces 250 BTC purchase and $192.4M STRC repurchase for week of October 5-11
Holdings reach 848,250 BTC; funded by $21M MSTR share sales and $500K cash; $354.8M remains under buyback program
- Update
Analysis shows STRC buybacks accelerated as price approached $100, contrary to Saylor's stated rule
Saylor said July 27 buybacks would decrease as STRC neared $100; instead they grew from $25M to $192.4M weekly
- Update
Unchained analysis questions whether STRC buyback loop is running out of cash
$1.6B spent on STRC buybacks since July; $2B authorization may exhaust in two weeks at current pace; board can raise limit as it did in September
How coverage built up
Independent sources over time, counted the way the consensus panel counts them: a republication of a wire story does not move the line.
- 10 Oct 2026, 10:30 UTC: Bitcoin.com News, official — 1 independent source, 1 reports
- 11 Oct 2026, 16:07 UTC: U.Today — 2 independent sources, 3 reports
- 11 Oct 2026, 16:23 UTC: Bitcoin Insider — 3 independent sources, 4 reports
- 11 Oct 2026, 17:03 UTC: Cointelegraph — 4 independent sources, 5 reports
- 12 Oct 2026, 12:06 UTC: CryptoPotato — 5 independent sources, 6 reports
- 12 Oct 2026, 12:25 UTC: Crypto News Flash — 6 independent sources, 8 reports
- 12 Oct 2026, 12:39 UTC: Decrypt — 7 independent sources, 10 reports
- 12 Oct 2026, 12:43 UTC: Crypto.News — 8 independent sources, 11 reports
- 12 Oct 2026, 12:54 UTC: CoinGape — 9 independent sources, 12 reports
- 12 Oct 2026, 15:56 UTC: Bitcoin Magazine — 10 independent sources, 13 reports
- 12 Oct 2026, 16:18 UTC: Unchained — 11 independent sources, 14 reports
- 12 Oct 2026, 19:58 UTC: The Daily Hodl — 12 independent sources, 15 reports
- 13 Oct 2026, 11:00 UTC: CryptoSlate — 13 independent sources, 19 reports
- 14 Oct 2026, 19:05 UTC: Protos — 14 independent sources, 22 reports
Affected entities
Also mentioned: Nasdaq, Base, Donald Trump
Original sources
Related events
Strategy buys 1,665 bitcoin for $142.7 million, then adds 334 BTC to reach 848,000
Strategy bought 1,665 bitcoin for $142.7 million, then 334 more, lifting its treasury to exactly 848,000 BTC by Oct. 4.
Strategy proposes daily dividend accrual on four preferred share series ahead of Oct. 28 vote
Strategy filed a preliminary proxy to accrue dividends every calendar day on STRF, STRC, STRK and STRD, with common shareholders voting Oct. 28 on the amendments.
Strategy resumes Bitcoin buying with 950 BTC and $174 million of STRC repurchases
Strategy bought 950 BTC for $75.7 million after a two-week pause and repurchased $174 million of STRC, bringing its reported Bitcoin holding to 846,000 BTC.
Strategy Adds 267 Bitcoin to Treasury While Expanding Buyback Program to $3 Billion
Strategy purchased 267 BTC for $22.1 million and repurchased $193.1 million of STRC preferred stock, raising its buyback authorization to $3 billion.
Strategy's board declares conditional daily STRC dividends for November
Strategy's board declared daily STRC dividends for November worth $1 per share, contingent on shareholder approval at an October 28 special meeting and effective amendments.
Strategy Skips Weekly Bitcoin Purchase to Repurchase STRC Preferred Shares, Doubles Buyback Program
Strategy paused its weekly Bitcoin purchases to repurchase STRC preferred shares and doubled its Digital Credit Securities Repurchase Program to $2 billion.
