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Strategy buys 250 Bitcoin for $21.5M and spends $192.4M on preferred shares buyback in one week

Market News
23 Oct 2026
CryptoTicker
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Neutral
Strategy buys 250 Bitcoin for $21.5M and spends $192.4M on preferred shares buyback in one week

In the week ending October 11, Strategy acquired 250 Bitcoin at an average price of $86,194 each, spending $21.5 million, while also buying back $192.4 million worth of its preferred shares. This marks a shift from previous years when the company mainly issued shares to buy Bitcoin, now reversing the flow. The company holds 848,250 Bitcoin, about 4% of the total supply. Shareholders will vote on October 28 to amend dividend payment timing, which could affect cash flow used for dividends and Bitcoin purchases. Despite recent outflows from Bitcoin funds and a slight dip in Bitcoin price, Strategy's Bitcoin holdings remain significant, and the market awaits the impact of upcoming votes and Federal Reserve decisions.

The story on Strategy's Bitcoin purchases provides context for cryptocurrency market activity on Pluang. For readers following major cryptocurrencies, 36 out of 50 priced assets rose today while 12 fell. Notable movers include COTI at Rp210 with a 7.87% increase and a 62% sell order activity, ATOM at Rp32,234 up 4.85%, and BCH at Rp5,127,448 rising 3.88%, as of Oct 23, 2026 22:21 WIB.

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