Strategy increased its Bitcoin holdings to 850,364 BTC while prioritizing $188.3 million in STRC preferred share buybacks, as MSTR common stock fell 3% following a $283.8 million share issuance.
Strategy repurchased about 1.89 million STRC shares for $188.3 million last week, on top of $208.2 million the prior week, funded by fresh ATM proceeds. Sustained buybacks directly reduce float and support the share price, though STRC still edged down 0.06% to $99.7 in Monday premarket trading.
The filing shows Strategy raised $283.8 million by selling about $2.05 million common shares through its ATM program, diluting holders, and bought BTC at $79,012, above its $75,456 blended average cost. It also shifted spending toward $188.3 million of STRC buybacks versus $81.9 million on Bitcoin since October, a $1.06 billion vs $219.7 million split. The stock already fell 3% to $125 in Monday premarket trading.
Strategy added 1,036 BTC for $81.9 million at an average $79,012 per coin, lifting holdings to 850,364 BTC, about 4.05% of the 21 million maximum supply. The purchase is ongoing demand, but at roughly $82 million it is routine compared with the company's prior $65.5 million week and small against Bitcoin's overall market, so the support effect is modest.
Strategy added 1,036 Bitcoin for $81.9 million last week, bringing total holdings to 850,364 BTC. Despite the acquisition, MSTR shares fell 3% to $125 in premarket trading as the company raised $283.8 million through an at-the-market offering. Strategy continues to prioritize STRC preferred share buybacks, spending $188.3 million last week and $1.06 billion since October.
The company bought back about 1.89 million shares for $188.3 million last week and roughly $1.06 billion since October, which reduces supply and supports the price, though the shares still edged slightly lower in premarket trading.
The filing showed ongoing dilution from the ATM program and Bitcoin purchases made above the company's average cost, while most of the cash went to buy back preferred shares rather than Bitcoin.
It adds about $81.9 million of demand, but that is a routine weekly amount for the company and small relative to the overall market, so the effect is limited.