Strategy buys 267 Bitcoin as Saylor raises STRC buyback limit to $3 billion

Strategy has acquired another 267 Bitcoin, lifting its total holdings to a record 848,517 BTC, while repurchasing $193 million of STRC preferred stock and raising its digital credit securities buyback authorization to $3 billion. According to executive chairman Michael Saylor’s October 19 announcement , the company held approximately $5.3 billion in dollar assets as of October 18. The latest disclosure follows Saylor’s weekend suggestion that another Bitcoin purchase was approaching, continuing the company’s practice of announcing treasury changes early in the week. It shows Strategy allocating capital to both Bitcoin accumulation and the repurchase of its preferred securities. The new Bitcoin purchase was smaller than several of Strategy’s acquisitions earlier in the year, although it lifted the company’s reported holdings above their previous high.

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