Strategy acquired 250 BTC for $21.5 million between Oct. 5 and Oct. 11, its smallest reported positive Bitcoin purchase of 2026. The company simultaneously spent $192.4 million to repurchase 1,932,145 variable-rate STRC preferred shares, nearly nine times the amount spent on Bitcoin. The STRC buybacks, approaching the $100 stated amount with a discount of less than 0.5%, would eliminate approximately $23.2 million in annualized dividend payments at the current 12% rate. As of Oct. 11, Strategy held $5.52 billion in total dollar liquidity, including $4.88 billion in its USD Reserve and $640.5 million in USD Cash. Shareholders will vote Oct. 28 on the daily-dividend proposal for STRC, with the first record date on Nov. 1 if approved.
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