Strategy Scoops Up $21.5M in Bitcoin, Buys Back $192M in STRC

What happened: Strategy bought 250 BTC for $21.5 million between October 5 and October 11 and repurchased 1.93 million STRC preferred shares for $192.4 million. Key numbers: 250 BTC bought at an average of $86,194 per coin. Holdings now 848,250 BTC, acquired for $64 billion at an average of $75,444. STRC buyback left $354.8 million available. Why it matters: The purchase was funded mainly by selling $21 million of MSTR common stock. Traders on prediction market Myriad put just a 5% chance on holdings surpassing one million BTC by year end. Coverage: 4 outlets in 24h

Strategy bought 250 BTC for $21.5 million between October 5 and October 11 and repurchased 1.93 million STRC preferred shares for $192.4 million.

The purchase was funded mainly by selling $21 million of MSTR common stock. Traders on prediction market Myriad put just a 5% chance on holdings surpassing one million BTC by year end.