Strategy Inc. spent $890 million on stock buybacks from mid-September to mid-October 2026, three times more than its $290 million Bitcoin purchases during the same period. The company raised its buyback cap to $3 billion, focusing on repurchasing preferred stock to reduce dividend obligations, while Bitcoin acquisitions slowed. This shift means other investors, including whales and ETFs, are now the main buyers of Bitcoin. Strategy remains the largest corporate Bitcoin holder but is reallocating cash away from Bitcoin purchases toward stock buybacks and dividend reserves, signaling a strategic pivot in capital allocation.
As of Oct 20, 2026 19:41 WIB, Strategy Inc. (MSTR) trades at USD 133.95, down 1.52% for the day on Pluang, well below its 52-week high of USD 301.91 but above the 52-week low of USD 82.31. Despite the company's pivot to stock buybacks, Pluang data shows a strong buy interest with 74% of order activity favoring purchases and a typical hold time of 113 days, indicating continued confidence among retail investors in the stock's medium-term potential.
