Strategy Buys an Additional $22 Million in Bitcoin and Increases the Proposed Repurchase Amount
Fortune
1h ago
Ai Focus
Strategy purchased over $22 million in Bitcoin last week, adding 267 more coins; the company also repurchased approximately $193 million in STRC preferred stocks and increased the authorization for preferred stock repurchases to $3 billion.
Helpful
No.Help

Strategy bought again during the Bitcoin rebound.

The digital asset treasury company disclosed on Monday that it had increased its holdings of Bitcoin by more than $22 million last week, at a time when the price was fluctuating between around $80,000 and $84,000.

The latest purchase was of Strategy, adding 267 bitcoins to its total holdings, which now amount to approximately $64 billion. The company also spent about $193 million to repurchase shares of STRC. STRC is a type of preferred stock that pays regular dividends to investors. The board of directors also approved an additional $1 billion for the repurchase of preferred stocks, bringing the total repurchase authorization to $3 billion.

It has only been a week since the latest purchase of Bitcoin for Strategy for $21 million. Since August, the company has purchased Bitcoin six times, continuing its aggressive buying trend.

During this purchase, the price of Bitcoin fluctuated sharply, almost erasing its gains from the past two months. In August, this cryptocurrency ended a streak of declines and rose from around $63,000 to $77,000. By the end of September, Bitcoin surpassed $80,000 for the first time since May and reached a high of around $86,000.

However, in the past week, a series of tense situations have driven fluctuations in the price of Bitcoin. On Friday, an attack on shipping in the Strait of Hormuz sparked concerns about supply disruptions, causing oil prices to soar and exacerbating inflation worries. On Monday, after President Trump exempted certain sanctions and tariffs related to Russia, allowing more fuel to potentially flow into global markets, oil prices fell back.

Tech stocks also saw selling pressure, and investors began to question whether the artificial intelligence boom can continue. The Nasdaq index fell more than 2% on Friday, but had recovered most of that loss by Monday morning.

However, the latest purchases by Strategy indicate that, despite market fluctuations, the company continues to increase its holdings, which is in line with the long-term stance of the executive chairman, Michael Saylor, who has preferred to hold Bitcoin. He stated last October: "You will not sell your Bitcoin."

However, Strategy deviated from this stance briefly earlier this year, selling Bitcoin four times during the bear market; at that time, the price of Bitcoin fell to $58,000 in June.

Tip
$0
Like
0
Save
0
Views 13
HQYC reminds readers to view blockchain rationally, stay aware of risks, and beware of virtual token issuance and speculation. All content on this site represents market information or related viewpoints only and does not constitute any form of investment advice. If you find sensitive content, please click“Report”,and we will handle it promptly。
Submit
Comment 0
Hot
Latest
No comments yet. Be the first!
Related
Morgan Stanley's Most Optimistic Stock on AI: 92% Exposed to Its Bullish View of $1.6 Trillion in Construction Boom
Morgan Stanley states that 91.7% of NVIDIA's revenue in 2027 is exposed to the demand for AI infrastructure, and believes it offers the best risk-return ratio in this sector. The report also points out that the capital expenditures, power supply constraints, financing pressures, and supply chain concentration of hyperscale cloud providers and AI cloud service providers may become the main risk factors in this round of AI construction boom.
Fortune
·2026-10-20 03:00:06
4
Why Tom Lee believes that Ethereum treasury companies will push ETH above $10,000 in the next 12 months
BitMine Chairman Tom Lee stated that the digital asset vault company holding ETH has already acquired approximately 7% of the total Ethereum supply, and he expects this proportion to rise to around 15% during this bull market. He mentioned that if this trend continues, it would not be surprising if the price of ETH exceeds $10,000 in the next 12 months.
Coinpedia
·2026-10-20 02:51:11
10
Apple visionOS 27.2 RC Released
Apple has today pushed version 27.2.27.2 of visionOS to users on Vision Pro, with an internal version number of 24N118. This update comes 6 days after the last release. According to the IT community, due to caching issues with server configurations in different regions, some areas may detect the update a bit later.
The Block
·2026-10-20 02:51:08
10
Kylie Jenner wore the most expensive Fantasy Bra in Victoria's Secret history. Take a look at those previous gowns.
Victoria's Secret brought back Fantasy Bra at the 2026 fashion show, with Kylie Jenner wearing the latest design created by Jacob & Co. The brand described it as the most expensive piece in history, valued at $50 million. The article also reviewed the designs and prices of previous Fantasy Bra collections since 1996.
Businessinsider
·2026-10-20 02:18:49
15
First Horizon Executive Tammy LoCascio Selected for the 2026 "Most Influential Bank Women" Shortlist of American Banker
First Horizon Corporation announces that Chief Operating Officer Tammy LoCascio has been selected for the 2026 " Most Powerful Women in Banking : Women to Watch " list of American Banker. The company's CEO, Bryan Jordan, stated that she has played a significant role in driving the company's strategy of putting employees first and empowering with technology.
PR Newswire
·2026-10-20 02:09:35
15
View More