Strategy purchased 267 Bitcoin for $22.1 million at an average price of $82,900 between October 12 and 16, bringing its total holdings to 848,517 BTC, worth $64.02 billion at purchase cost. The board increased the authorization for its digital credit securities repurchase program from $2 billion to $3 billion, with $1.16 billion remaining available. The company simultaneously repurchased 1.94 million Stretch (STRC) preferred shares for $193.1 million, nearly nine times the amount spent on Bitcoin. These BTC purchases were funded by selling 140,872 MSTR common shares for $22 million, while STRC repurchases were funded with existing cash.
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