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Prices as of 2026-10-19 15:03 UTC. Source: CoinGecko.
Board lifts preferred repurchase cap to $3B; USD Cash falls to $447.3M as buybacks continue.
Strategy buys 267 BTC for $22.1 million and repurchased $193.1 million of its STRC preferred stock last week, the company said on Monday. An SEC filing shows the bitcoin purchases were made between October 12 and 18 at an average price of $82,900 including fees.
The company funded the bitcoin buy mainly through its at-the-market program, raising $22 million by selling 140,872 shares of MSTR common stock, plus $0.1 million of cash. It sold no preferred stock during the week, according to the filing.
On those figures, the stock sale implies about $156 per MSTR share sold, and the preferred buyback implies roughly $99.6 per STRC share (inputs: $22,000,000/140,872 and $193,100,000/1,938,780). USD Cash fell to $447.3 million from $640.5 million over the week—a $193.2 million drop that closely matches the $193.1 million spent on STRC repurchases.
Strategy now holds 848,517 BTC, acquired for a total of $64.02 billion at an average cost of $75,446 per coin, the filing shows. The company paid $45.5 million of dividends from its USD Reserve, which stood at $4.83 billion on October 18. In a post on X, the company added: “As of 10/18/26, we hold 848,517 BTC and $5.3B of USD Assets.”
The board increased the total authorization under its digital credit securities (preferred stock) repurchase program to $3 billion from $2 billion. After this week’s purchases and the increase, $1.16 billion remained available as of October 18. A separate program to buy back MSTR common stock has $1 billion left.
The moves extend a run of weekly preferred buybacks. The company repurchased $192.4 million of STRC the previous week and $176 million the week before that, while buying $21.5 million of bitcoin last week and $142.7 million in the final week of September.
The company also faces possible removal from MSCI’s Global Investable Market Indexes after the index provider finalized on October 15 a rule deeming “non-operating companies,” whose balance sheets are dominated by a single asset, ineligible from the close of November 30. MSCI will publish the list of affected firms on November 11. Removal would force index-tracking funds to sell, the report says. Co‑founder Michael Saylor has called the rule “discriminatory.”
The next dated development is MSCI’s publication of the affected names on November 11.
Source: Decrypt.
This article was written with AI assistance and reviewed by an editor.
This content is for informational purposes only and does not constitute financial advice.
🧠 HafidWatch Take
Increasing the preferred-stock repurchase authorization by $1 billion provides more flexibility amid uncertainty about the company’s future inclusion in MSCI indexes. With the affected firm list due November 11, the timing could prompt accelerated buybacks or affect investor behavior as index funds prepare for possible forced sales. This expanded authorization more than doubles the remaining capacity from before and may signal a strategic move to manage liquidity and shareholder returns in a shifting regulatory environment.
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