TL;DR
Bitcoin Purchase: Strategy acquired 267 BTC for approximately $22.1 million at an average price of $82,900 per coin, increasing its total holdings to 848,517 BTC.
Funding Sources: The purchase was largely financed through sales of MSTR shares, with a small portion covered by existing cash reserves.
Broader Developments: The company expanded its repurchase authorization, disclosed strong reserve balances, and highlighted Michael Saylor’s vision for a Bitcoin-backed stablecoin that could offer yields of 6% to 8%.
Strategy purchased another 267 BTC for approximately $22.1 million between Oct. 12 and Oct. 18, according to a filing submitted to the SEC on Monday . The company paid an average price of $82,900 per Bitcoin during the period. According to the filing, Strategy acquired the coins through a combination of proceeds generated from stock sales and existing cash holdings . The latest purchase lifted Strategy’s total holdings to 848,517 BTC, accumulated at a total cost of roughly $64 billion and an average purchase price of $75,446 per Bitcoin. The position now represents more than 4% of Bitcoin’s total supply.
Bitcoin Holdings Continue to Grow
The latest acquisition adds to the company’s already substantial Bitcoin treasury. With 848,517 BTC under management, Strategy continues to hold the largest corporate Bitcoin position among publicly traded firms . Data cited in the report showed other major Bitcoin treasury companies remain far behind in total holdings. Metaplanet holds 44,000 BTC , followed by Twenty One with 43,514 BTC , Strive with 35,595 BTC , and MARA with 35,577 BTC . The filing followed a social media post from Michael Saylor a day earlier, where he shared the company’s Bitcoin acquisition tracker and suggested another purchase announcement could be forthcoming.
Financing Activities and Capital Management
To fund the acquisition, Strategy relied primarily on proceeds from its at-the-market stock sale program. Strategy sold 140,872 MSTR shares for approximately $22 million during the week, leaving $18.79 billion available under the existing program . The remaining $0.1 million required for the Bitcoin purchase came from company cash reserves. Beyond the Bitcoin purchase, Strategy also repurchased 1,938,780 STRC preferred shares for about $193.1 million using cash reserves . The firm additionally used $45.5 million from its reserve balances to fund preferred stock dividends.
Cash Position, Repurchase Expansion, and Industry Debate
As of Oct. 18, Strategy reported USD Reserve holdings of $4.83 billion and USD Cash balances of $447.3 million . The filing also stated that Strategy’s board approved an increase in the authorized purchase price under its digital credit securities repurchase program, raising the limit from $2 billion to $3 billion. At the ParaFi Investor Day event, Strategy co-founder and executive chairman Michael Saylor outlined a vision for a dollar-pegged , Bitcoin-backed stablecoin that could potentially generate yields between 6% and 8%.
Separately, MSCI announced new rules that could affect the firm’s eligibility for certain indexes , and analysts at K33 questioned whether its preferred stock financing structure may become less efficient over time due to growing dividend obligations. Despite those discussions, Strategy remains the largest public corporate holder of Bitcoin.
