Strategy bought 267 BTC last week, spending more than 8 times as much on preferred stock repurchases as on Bitcoin purchases, and increased its repurchase authorization.
According to an 8-K filed with the SEC on October 19, Strategy bought 267 BTC from October 12 to 18 for $22.1 million, at an average price of $82,900. The purchase was funded mainly by sales of MSTR common stock. During the same week, it spent $193.1 million repurchasing STRC preferred stock.
The board increased the preferred stock repurchase authorization from $2 billion to $3 billion. As of October 18, $1.16 billion remained available.
Strategy holds a total of 848,517 BTC, acquired at a total cost of $64.02 billion and an average cost of $75,446 per BTC. It also has a $4.83 billion cash reserve to pay preferred stock dividends and interest.
What to watch next: the new filing each Monday to see which is larger—Bitcoin purchases or repurchases.
$BTC
According to an 8-K filed with the SEC on October 19, Strategy bought 267 BTC from October 12 to 18 for $22.1 million, at an average price of $82,900. The purchase was funded mainly by sales of MSTR common stock. During the same week, it spent $193.1 million repurchasing STRC preferred stock.
The board increased the preferred stock repurchase authorization from $2 billion to $3 billion. As of October 18, $1.16 billion remained available.
Strategy holds a total of 848,517 BTC, acquired at a total cost of $64.02 billion and an average cost of $75,446 per BTC. It also has a $4.83 billion cash reserve to pay preferred stock dividends and interest.
What to watch next: the new filing each Monday to see which is larger—Bitcoin purchases or repurchases.
$BTC
