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Strategy buys 250 Bitcoin and repurchases $192M in STRC stocks, boosting MSTR shares.

Market News
12 Oct 2026
Coingape
View Source
Bullish
Strategy buys 250 Bitcoin and repurchases $192M in STRC stocks, boosting MSTR shares.

Michael Saylor's Strategy acquired 250 Bitcoin for $21.5 million, raising its total Bitcoin holdings to 848,250 BTC valued at over $70 billion. The company also repurchased $192.4 million in STRC preferred stocks and holds $5.5 billion in total USD assets. This move helped MSTR stock rise by 0.56% in premarket trading, continuing its recent upward momentum. Analysts remain bullish, with Barclays raising its price target to $175, reflecting confidence in Strategy's Bitcoin accumulation and stock buybacks.

Michael Saylor's Strategy acquiring Bitcoin and repurchasing stock is context for readers following cryptocurrency markets. For readers following cryptocurrencies, here is Pluang's market snapshot as of Oct 12, 2026 19:42 WIB: out of 50 major cryptocurrencies priced on Pluang, 30 rose and 18 fell today. Notable movers include SAND at Rp1.125 with a 1-day change of -3.62%, COTI at Rp241 with +3.51%, and SUSHI at Rp4.323 with +3.16%.

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