Strategy spends nine times more on STRC buybacks than Bitcoin last week
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Strategy's STRC buybacks eclipse Bitcoin purchases
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In the week of Oct. 5‑11, 2026, Michael Saylor’s firm spent $192.4 million to repurchase its preferred stock STRC, while buying only 250 Bitcoin for $21.5 million. The STRC spending was nearly nine times larger than the Bitcoin purchase, highlighting the company’s focus on supporting its preferred securities.
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The Bitcoin acquisition was the smallest reported purchase by Strategy in 2026, adding to a holdings total of 848,250 BTC bought at an average price of about $75,444 per coin.
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Key numbers
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- $192.4 million spent on STRC share repurchases (1,932,145 shares bought) \n
- $21.5 million spent on 250 Bitcoin \n
- $354.8 million remaining authorization for STRC buybacks \n
- $4.88 billion USD Reserve and $640.5 million USD Cash as of Oct. 11 \n
- Total liquidity $5.52 billion \n
- $86,194 average price per Bitcoin in the latest purchase \n
- $99.58 average price per STRC share (discount of less than 0.5% to $100) \n
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What the press release confirms
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The company disclosed the activity in a public press release on Oct. 12, 2026. The statement notes that 250 BTC were acquired between Oct. 5 and Oct. 11, and that 1,932,145 preferred shares were repurchased for $192.4 million.
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The release also mentions $354.8 million of remaining authorization under the digital credit securities repurchase program.
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What CryptoSlate adds
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CryptoSlate reported that the STRC repurchase spending rose from $176.3 million in the prior week, bringing total weekly STRC spend to a record $192.4 million. The article notes that the buybacks reduce future dividend obligations by retiring preferred shares, with an estimated $23.2 million in annualized dividend payments eliminated at the current 12% annual rate.
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It also highlights the impact on cash pools: USD Cash fell $192.9 million that week, nearly matching the STRC spend, while the USD Reserve is earmarked for dividends and interest payments and cannot be used for STRC repurchases without board approval.
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Confirmed facts
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- Strategy bought 250 BTC for $21.5 million during Oct. 5‑11. \n
- The firm repurchased 1,932,145 STRC preferred shares for $192.4 million. \n
- Remaining buyback authorization is $354.8 million. \n
- As of Oct. 11, the company held $4.88 billion in USD Reserve and $640.5 million in USD Cash. \n
- Total dollar liquidity was about $5.52 billion. \n
- The average price paid for the latest Bitcoin purchase was roughly $86,194. \n
- STRC was bought at an average price of $99.58 per share. \n
- Strategy’s total Bitcoin holdings are 848,250 BTC at an average cost of $75,444. \n
- Shareholders are scheduled to vote on Oct. 28 on a proposal to move STRC to daily dividend payments. \n
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Unconfirmed claims or unclear points
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- The long‑term effect of the daily dividend change on STRC’s trading behavior is projected but not yet proven. \n
- How the reduced cash balance will affect future Bitcoin accumulation is not specified in the sources. \n
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Why this matters
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The disparity between STRC and Bitcoin spending shows Strategy’s dual focus: supporting its preferred stock to maintain a $100 target price while still accumulating Bitcoin. The large STRC buybacks reduce dividend costs but also draw down unrestricted cash that could otherwise fund Bitcoin purchases.
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For investors, the scale of the repurchases and the upcoming dividend vote may influence the supply dynamics of STRC and the company’s treasury strategy moving forward.
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Next steps
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Shareholders will vote on Oct. 28 regarding a shift to daily dividend payments for STRC, with the first record date slated for Nov. 1 if approved. The company’s press release and CryptoSlate coverage indicate no further public timeline beyond the shareholder vote.
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Sources
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Newisty Editorial Team covers technology, cryptocurrency, digital products, online platforms, developer tools and the wider digital economy. Our content is researched from official sources, company announcements, public documentation, market data and other primary or reputable sources. Articles are reviewed and edited before publication for clarity, accuracy and useful context.