COINTELEGRAPH · 2026-11-02 13:48 UTC

Strategy spends triple its weekly Bitcoin outlay on STRC buybacks

Michael Saylor's MicroStrategy spent $208.2 million repurchasing STRC preferred shares while acquiring only $65.5 million worth of Bitcoin (811 BTC at $80,846 average) last week. The company sold 1.18 million MSTR shares for $164 million in net proceeds, allocating $65.5 million to Bitcoin and $98.5 million to cash reserves. Between October 1-25, MicroStrategy spent $664 million on STRC buybacks versus $72 million on Bitcoin acquisitions; STRC stock rose slightly to $99.22, below its $100 target price.

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