Strategy spends record $193 million on share buybacks near par value
Record spend on STRC buybacks near target price
Strategy, the company led by Michael Saylor, reported spending a record $193.1 million on STRC share buybacks during the week ending October 18, 2026. This occurred at an average price of $99.60 per share, which is within 0.4% of the stock’s $100 par value. The company previously told investors it would reduce or “taper” buybacks as the price approached this level.
The latest purchase was funded from the company’s “USD Cash” reserves, which have been declining. Strategy also increased its authorized buyback limit from $2 billion to $3 billion in the same filing.
Key figures from the latest filings
- Strategy spent $193.1 million on STRC in the week ending October 18, the highest weekly spend to date.
- The average purchase price was $99.60, significantly higher than the $86.53 average paid in the week of July 20.
- Since July, the company has repurchased $1.84 billion worth of shares.
- The STRC buyback authorization was raised to $3 billion.
Company guidance versus action
In July 2026, CEO Phong Le stated the company intended to buy “more at deeper discounts and less as the STRC trading price approaches $100 per share.” However, weekly filings show that spending increased as the price rose. The two largest buyback weeks occurred in October when the stock was near its highest price of the year.
On October 19, Strategy posted on social media that its objective is for STRC to trade at $99–$100 over time. The company did not issue a specific statement in the provided materials explaining the shift from tapering to record spending near the par value.
Funding through shareholder dilution
Strategy funded these buybacks primarily by issuing new common shares of MSTR, which dilutes existing shareholders. The company also sold small amounts of Bitcoin and generated limited revenue from software sales. The supply of MSTR shares has increased throughout the year.
Upcoming shareholder decisions
Strategy will hold a shareholder meeting on October 28 to vote on changing the dividend frequency for STRC and its other dividend-paying stocks. The company is scheduled to release its third-quarter financial results on October 29.
Source
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