Strategy buys 250 bitcoin for $21.5 million as streak hits four weeks

Key takeaways

  • Strategy spent $21.5 million to buy 250 BTC between October 5 and October 11, 2026, at an average price of $86,194, raising its bitcoin holdings to 848,250 BTC, an all-time high.
  • In the same period, the Nasdaq-listed company repurchased $192.4 million of its STRC preferred stock, leaving $5.5 billion in USD assets as of October 11, 2026, down from more than $6 billion a few weeks earlier.
  • The purchase extends a four-week buying streak after a summer pause, when Strategy made sporadic purchases and, at several points, sold bitcoin.
  • Bitcoin Magazine reported that MSTR shares traded nearly 2% higher on Monday and that the bitcoin stash was worth $70.2 billion at then-current prices.

What happened

Strategy disclosed the latest bitcoin purchase in a Monday filing, and co-founder Michael Saylor confirmed the figures in a post, as Cryptopotato reported. The company bought 250 bitcoin for $21.5 million at an average price of $86,194 between October 5 and October 11, 2026. That brought its treasury to 848,250 BTC, a new company high.

The filing also covered a second transaction: Strategy repurchased $192.4 million of its STRC preferred stock. The two moves together reduced the company’s USD asset position to $5.5 billion, from more than $6 billion a few weeks earlier.

The size of the latest bitcoin purchase is modest relative to Strategy’s previous accumulation. Its significance lies in the pattern. According to Cryptopotato, the purchase marks the fourth consecutive week of buying, following a summer in which the company moved away from its regular weekly pace, making only sporadic purchases and, at several points, selling bitcoin outright.

Market context

Bitcoin Magazine reported that last week’s purchase was funded using net proceeds from MSTR stock sales together with the company’s USD Cash buffer. Strategy maintains two separate cash pools: a USD Reserve that supports dividends on preferred offerings and interest on debt, and a USD Cash pool used to buy bitcoin.

The STRC buyback also fits a rebuilding effort. Cryptopotato noted that the preferred stock had fallen far below its $100 par value, trading under $75 at its worst point. The company paused bitcoin accumulation to shore up investor confidence in STRC and its cash position, and the shares recovered to a Friday close of $99.66, according to the report.

Why it matters

Strategy remains the largest corporate holder of bitcoin, and its weekly filings have become one of the clearest public signals of institutional demand. In that context, the 250 BTC purchase matters less for its size than for what it shows: the buying streak has resumed and continued for four weeks.

The same filing also illustrates a company managing two audiences at once. Shareholders want crypto exposure, while preferred holders want dividend instruments such as STRC to trade near par. Adding bitcoin while retiring preferred stock suggests that Strategy is trying to support its cash position and preferred-stock confidence while continuing its treasury-building pattern.

The market’s verdict has been uneven. Bitcoin Magazine reported that MSTR is down more than 50% over the past year after bitcoin’s price fell, even as the stock has gained nearly 1,000% since the company’s first bitcoin purchase in August 2020. That split performance is the context around the headline purchase, which remains small relative to the 848,250 BTC treasury it adds to.

What to watch

The next data point is Strategy’s following weekly disclosure. It will show whether the four-week buying streak continues or pauses again. The company’s USD asset position, now at $5.5 billion, will also be a key reference point as it weighs bitcoin purchases against preferred-stock support and liquidity needs.

STRC itself remains a visible signal. The report noted its recovery from below $75 to a Friday close of $99.66, close to the $100 par level. The question is whether that level can be maintained while Strategy continues to use its USD Cash pool and stock-sale proceeds to buy bitcoin.