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Strategy bought 517 BTC for $43.6M funded mostly by common-stock sales, while repurchasing $385.5M in preferred shares.

Market News
23 Oct 2026
Crypto news
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Bullish
Strategy bought 517 BTC for $43.6M funded mostly by common-stock sales, while repurchasing $385.5M in preferred shares.

Strategy announced it purchased 517 Bitcoin for $43.6 million over two weeks, funding about 98.6% of these purchases through common-share sales, with the remainder from cash. Meanwhile, the company repurchased $385.5 million of its preferred stock (STRC) during the same period, spending nearly nine times more on buybacks than on Bitcoin. Michael Saylor hinted at Bitcoin-related activity behind closed doors but did not disclose details. Strategy's capital management separates cash for Bitcoin purchases from reserves used for preferred dividends and debt interest, maintaining significant cash and reserve balances. Investors should watch for future updates on Bitcoin acquisitions and stock repurchase plans.

Strategy's Bitcoin purchase and stock buyback news come as a backdrop to Pluang's cryptocurrency market data. For readers following major cryptocurrencies, 43 of 50 rose and 6 fell as of Oct 24, 2026 01:31 WIB. Notable movers include GRT at Rp434 (+2.29%, 28% Sell / 72% Buy), BNB at Rp13.420.381 (+2.28%, 55% Sell / 45% Buy), and ETC at Rp141.197 (+2.26%, 0% Sell / 100% Buy).

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