Strategy buys 267 Bitcoin for $22.1 million, repurchases $193.1 million in preferred stock

Strategy, led by Michael Saylor, bought 267 Bitcoin for $22.1 million at an average price of $82,900 between Oct. 12 and Oct. 18, bringing its total holdings to 848,517 BTC. In the same period, the company repurchased 1.94 million shares of its Stretch (STRC) preferred stock for $193.1 million, extending its trend of spending more on stock buybacks than Bitcoin purchases. The Bitcoin purchases were primarily funded by $22 million in proceeds from selling common stock, while the STRC repurchases were funded by existing cash.