Strategy Buys 267 More Bitcoin as Total Holdings Reach 848,517 BTC

Strategy bought another 267 BTC for about $22.1 million between October 12 and October 18, paying an average of $82,900 per coin, according to a Monday SEC filing. Total holdings now stand at 848,517 BTC, acquired for roughly $64 billion at an average of $75,446 each, which is more than 4% of bitcoin’s total supply. The company funded the buy by selling 140,872 MSTR shares for around $22 million through its at-the-market program, with $18.79 billion still available, and covered the remaining $0.1 million from its USD cash holdings.

Strategy Preferred Share Buyback and Cash Reserves

In the same week, Strategy repurchased STRC preferred shares for about $193.1 million using its cash reserve, and spent $45.5 million on preferred dividends. As of October 18, its USD Reserve was $4.83 billion and USD Cash was $447.3 million. The board also raised the authorized purchase price for its digital credit securities repurchase program from $2 billion to $3 billion.

Michael Saylor Perfected Digital Money Vision

Chairman Michael Saylor described “perfected” digital money, a dollar pegged, bitcoin backed stablecoin that could offer yields of 6% to 8%. He had hinted at the purchase on Sunday by posting a tracker chart with the line “We found room for more orange.”

Strategy leads 198 public companies that hold bitcoin. Strategy stock fell 11.3% last week to close Friday at $136.83, while bitcoin declined 2.6% over the same period.