Strategy Spends $192 Million Buying Back Its Preferred Stock, Nearly Nine Times Its Bitcoin Buy

Strategy directed most of its spending last week toward its own preferred stock rather than bitcoin. The company announced on Monday that it repurchased 1,932,145 shares of STRC for $192.4 million between Oct. 5 and Oct. 11, while buying just 250 BTC for $21.5 million . The bitcoin was bought at an average of $86,194 per coin, fees included. That brings Strategy’s holdings to 848,250 BTC , acquired for a combined $64.00 billion, or $75,444 per bitcoin on average. STRC, formally the Variable Rate Series A Perpetual Stretch Preferred Stock, was the only security Strategy bought back during the week.

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