Strategy acquires 267 Bitcoin and repurchases $193 million in STRC shares

Strategy scooped up another 267 Bitcoin for about $22 million last week, increasing its total stash to 848,517 BTC worth approximately $70 billion, the company disclosed Monday. The Bitcoin proxy financed its latest purchase using net proceeds from the sale of 140,872 shares of its MSTR common stock and $100,000 in USD Cash. Strategy reported no sales of its STRF, STRC, STRK or STRD preferred stock through its ATM program during the period. Strategy has now bought Bitcoin for five consecutive weeks, accumulating 3,466 BTC since mid-September. The company maintains its lead among publicly traded Bitcoin holders, with its stash accounting for more than 4% of the total BTC supply. Separately, Strategy repurchased about 1.9 million shares of its STRC preferred stock for about $193 million between Oct. 12 and Oct. 18. The company also increased the aggregate amount authorized for its digital credit securities repurchase program to $3 billion from $2 billion. Following the increase, $1.16 billion remained available for repurchases as of Oct. 18. Strategy has an additional $1 billion available under its separate MSTR common stock repurchase program. The company reported using $45.5 millio...