Strategy Buys 250 BTC for $21.5M as Streak Hits Four Weeks
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Strategy spent $21.5 million on 250 bitcoin between October 5 and October 11 at an average price of $86,194, bringing its total holdings to 848,250 BTC — a new all-time high for the company’s treasury. The Nasdaq-listed firm disclosed the purchase in a Monday filing and confirmed the figures in a post from co-founder Michael Saylor, as Cryptopotato reported.
The same filing covered a second transaction: Strategy repurchased $192.4 million of its STRC preferred stock. Together, the two moves left the company with $5.5 billion in USD assets, down from more than $6 billion a few weeks earlier.
A modest buy inside a much larger strategy
The 250-coin purchase is small next to Strategy’s previous accumulation. What makes it notable is the pattern rather than the size: it marks the fourth straight week of buying, according to Cryptopotato, after the company spent the summer making only sporadic purchases and, at several points, selling bitcoin outright.
Bitcoin Magazine reported that last week’s purchase was funded using net proceeds from MSTR stock sales together with the company’s USD Cash buffer. Strategy maintains two separate cash pools — a “USD Reserve” that supports dividends on its preferred offerings and interest on its debt, and a “USD Cash” pool used to buy bitcoin.
The STRC buyback fits a similar rebuilding effort. Cryptopotato noted that the preferred stock had fallen far below its $100 par value, trading under $75 at its worst point, and that pausing bitcoin accumulation to shore up investor confidence in STRC and the company’s cash position helped the shares recover to a Friday close of $99.66.
Why it matters
Strategy remains the largest corporate holder of bitcoin, and its weekly filings now serve as one of the clearest public signals of institutional demand — a modest 250-coin buy matters less for the market than the fact that the buying has not stopped. The dual move, adding bitcoin while retiring preferred stock, shows a company managing two audiences at once: shareholders who want crypto exposure and preferred holders who want their dividend instruments trading near par.
The market’s verdict has been uneven. Bitcoin Magazine reported that MSTR is down more than 50% over the past year after bitcoin’s price fell, even as the stock has gained nearly 1,000% since the company’s first bitcoin purchase in August 2020. That split performance is the context any reader should hold alongside the headline buy figure, which is small relative to the treasury it adds to.
What to watch
The next data point is Strategy’s following weekly disclosure, which will show whether the four-week buying streak continues or pauses again. Investors will also be watching whether STRC holds near its $100 par level and how the company balances bitcoin purchases against the $5.5 billion USD asset position it has been rebuilding.
Frequently Asked Questions
How much bitcoin does Strategy hold now?
Strategy holds 848,250 BTC as of October 11, 2026, which the company says is an all-time high for its treasury. Bitcoin Magazine valued that stash at $70.2 billion based on prices at the time of its report.
What price did Strategy pay for its latest bitcoin purchase?
The company spent $21.5 million on 250 bitcoin at an average price of $86,194 per coin, according to Cryptopotato.
Why did Strategy also repurchase its STRC preferred stock?
Cryptopotato reported that STRC traded far below its $100 par level, falling under $75, and that halting bitcoin buying to rebuild trust in the preferred stock and its USD reserves helped the shares recover to a Friday close of $99.66.
How has the MSTR stock performed?
Bitcoin Magazine reported that MSTR traded nearly 2% higher on Monday, is down over 50% in the past year, and has appreciated by nearly 1,000% since the company began buying bitcoin in August 2020.
Sources: CryptoPotato, Bitcoin Magazine
