Strategy purchased 22 million US dollars worth of Bitcoin and repurchased 193.1 million US dollars worth of STRC.

Strategy, under the umbrella of Michael Saylor (Michael Saylor), is the publicly traded company that holds the most Bitcoin in the world. Last week, the company purchased Bitcoin worth $22.1 million and also spent nearly nine times that amount to repurchase its own STRC preferred stocks.

According to a document submitted to the U.S. Securities and Exchange Commission (SEC) on Monday, Strategy purchased 267 bitcoins at an average price of $82,900 each between October 12 and October 16, increasing its holdings to 848,517 BTC; based on the purchase cost, these holdings are valued at $64.02 billion.

Strategy also repurchased 1.94 million shares of Stretch ( STRC ) preferred stock for $193.1 million. Prior to this latest purchase, as of the week ending October 9th, Strategy had bought 250 bitcoins for $21.5 million; during the same period, it also spent $192.4 million repurchasing shares of STRC.

The company stated that the board of directors has increased the authorization amount for its digital credit securities repurchase program from $2 billion to $3 billion. As of Sunday, there was still an available balance of $1.16 billion under this program.

The company stated that the funds for purchasing Bitcoin mainly came from the sale of 140,872 shares of common stock MSTR, which generated $22 million. The repurchase of STRC was completed using existing cash. Strategy disclosed that it has $4.83 billion in reserves specifically designated for paying preferred stock dividends and debt interest, in addition to $447.3 million in independent cash holdings.

Before the opening of NASDAQ on Monday, the stock price of MSTR rose by more than 2.5% in pre-market trading. The stock closed down about 9.6% last Friday, at $138.83 per share.