Strategy, the largest corporate holder of bitcoin, bought an additional 267 BTC for approximately $22 million last week, bringing its total holdings to 848,517 BTC worth $69.5 billion. In October alone, the company has spent a total of $73 million on bitcoin purchases. MSTR shares were up nearly 2% Monday morning in New York, trading around $139 per share, but have declined 17% over the past month and 11% year-to-date. Strategy also repurchased $193.1 million of its STRC preferred shares, which are trading below their $100 face value due to market volatility. The company could face challenges if MSCI proceeds with its proposal to exclude non-operating companies from its indexes, which could reduce institutional investment in the stock.
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