Strategy purchased 267 bitcoins for $22.1 million between October 12-18, bringing its total reserves to 848,517 BTC, representing approximately 4% of the maximum supply of 21 million tokens. The company funded this acquisition by selling 140,872 MSTR common shares for $22 million net of commissions and $100,000 from its treasury. During the same period, Strategy spent significantly more by buying back 1.9 million STRC preferred shares for $193.1 million, nearly nine times the amount spent on bitcoin. The company also distributed $45.5 million in dividends on its preferred shares. Michael Saylor continues to advocate for a bitcoin-backed digital currency with a potential yield of 6 to 8%, though no launch has been announced.
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