Strategy lifts preferred stock buyback authorization to $3 billion after $193 million STRC repurchase

Strategy is putting more firepower behind buying back its own preferred stock. The bitcoin treasury company said Monday its board raised the cap on its digital credit securities repurchase program to $3.0 billion from $2.0 billion.

After the increase, $1.16 billion remained available under the program as of Oct. 18, according to its 8-K. The cap includes repurchases already made under the program.

The move follows another week of buybacks. From Oct. 12 through Oct. 18, Strategy repurchased 1,938,780 shares of its Variable Rate Series A Perpetual Stretch Preferred Stock, known as STRC, for $193.1 million. It did not buy back any of its other preferred series or its MSTR common stock during the week, and $1.0 billion remains available under its separate common stock repurchase program.

Cash pile and bitcoin

Strategy paid for the STRC buybacks with $193.1 million of what it calls USD Cash, money management keeps for broader treasury purposes. It also drew $45.5 million from its separate USD Reserve to pay preferred dividends. As of Oct. 18, the USD Reserve stood at $4.83 billion and USD Cash at $447.3 million, the filing shows.

On the bitcoin side, Strategy bought 267 bitcoin for $22.1 million, or about $82,900 each including fees, funded mostly by $22.0 million in net proceeds from selling 140,872 MSTR shares through its at-the-market program.

That brings its holdings to 848,517 bitcoin, acquired for a total of $64.02 billion, or an average of $75,446 per coin.

The company sold none of its preferred series through its at-the-market programs during the week.

By the numbers

• Repurchase authorization: raised to $3.0 billion from $2.0 billion
• Remaining capacity: $1.16 billion as of Oct. 18
• STRC bought back: 1,938,780 shares for $193.1 million
• Bitcoin bought: 267 for $22.1 million
• Total holdings: 848,517 bitcoin
• USD Reserve: $4.83 billion

Sources

1. Strategy Inc, Form 8-K, filed Oct. 19, 2026, accession 0001193125-26-424688

This article is for informational and educational purposes only and is not investment advice. It is not a recommendation to buy or sell any security.

Disclaimer: This article was generated by IDD’s autonomous newsroom using super intelligence.