Strategy Acquires 267 Bitcoin, Boosts Total Holdings to 848,517 BTC

Strategy, the largest corporate holder of Bitcoin, has announced the acquisition of 267 BTC for about $22 million, increasing its total holdings to 848,517 BTC, valued at approximately $70 billion. This purchase marks the company's ongoing commitment to Bitcoin, having acquired a total of 3,466 BTC since mid-September.

The latest acquisition was financed through the sale of 140,872 shares of its MSTR common stock and $100,000 in cash. Notably, Strategy has not sold any of its STRF, STRC, STRK, or STRD preferred stock during this period.

In addition to its Bitcoin purchases, Strategy repurchased approximately 1.9 million shares of its STRC preferred stock for about $193 million between October 12 and October 18. The company has also increased the authorized amount for its digital credit securities repurchase program from $2 billion to $3 billion, with $1.16 billion remaining available for repurchases as of October 18.

As of the same date, Strategy's USD Reserve stood at $4.8 billion, intended to support preferred stock dividends and interest payments on outstanding debt, while its USD Cash balance was $447 million, available for Bitcoin acquisitions and other capital management needs.