Strategy Repurchases 2,068,459 STRC Shares for $204.9 Million in One Week
Key Facts
Strategy repurchased 2,068,459 STRC shares for $204.9 million during the week of October 19 to 25, 2026, according to a filing submitted to the U.S. Securities and Exchange Commission on October 26. Over the same period, the company neither bought nor sold bitcoin, and did not purchase shares of STRF, STRK, STRD or MSTR. The reported activity for the week therefore centered on the STRC repurchase, with no bitcoin purchases recorded during the specified weekly period. The filing does not describe this as a sustained halt in buying, nor does it give a reason for the absence of bitcoin purchases. The update comes as the company continues to manage its cash reserves and securities repurchase programs.
Strategy said it used $204.9 million from USD Cash to fund the STRC repurchase. USD Cash stood at $242.4 million on October 25, while USD Reserve was about $4.83 billion. The company says USD Reserve is intended to support preferred stock distributions and interest on outstanding debt. USD Cash can be used more broadly in the company’s bitcoin treasury operations, including bitcoin purchases and capital management. This distinction places the cash balance used for the transaction alongside the reserve set aside for distribution and interest obligations.
After the week’s transactions, $956.8 million remained available under the digital credit securities repurchase program, according to the filing. The full $1.0 billion remained available under the MSTR share repurchase program. On October 19, Strategy had raised the total authorized limit for the digital credit securities repurchase program from $2.0 billion to $3.0 billion. The higher limit gives the company more scope to repurchase these securities, while the following week’s filing showed that it used part of its USD Cash to repurchase STRC. The filing does not say that the company used the MSTR program during October 19 to 25.
Previous weekly filings show different capital allocation activity. From October 12 to 18, Strategy bought 267 bitcoin for $22.1 million, funding the purchase with net proceeds of $22.0 million from MSTR share sales and $0.1 million from USD Cash. Earlier, from October 5 to 11, it bought 250 bitcoin for $21.5 million and repurchased 1,932,145 STRC shares for $192.4 million. These figures show that the company combined bitcoin purchases with STRC repurchases in some weeks, while the latest filing reported only an STRC repurchase and no bitcoin purchases or sales. This account is limited to the week of October 19 to 25 and does not establish a permanent change in treasury policy.
Strategy held 848,517 bitcoin as of October 25, at a total acquisition cost of $64.02 billion and an average cost of about $75,446 per coin, including fees and expenses. The figures come as STRC repurchases remain another part of the company’s reported capital management, alongside its digital holdings. In its second-quarter results, CEO Phong Le said the company’s goal was for STRC to trade between $99 and $100 over time. He added: "If STRC trades below $100, we intend to repurchase STRC shares regularly and with discipline." Management said the pace of purchases varies with the price and liquidity, linking the repurchase policy to the preferred stock’s trading level.
Strategy estimated a digital asset gain of about $20.91 billion for the quarter ended September 30, and a related deferred tax expense of about $1.88 billion. The company said the financial information was prepared by management and had not been audited or reviewed by KPMG. Strategy is scheduled to report third-quarter results after U.S. markets close on October 29, 2026. It also announced a live webinar to discuss the results at 5 p.m. Eastern Time on Zoom, X and YouTube. The published results will be the next update to the quarterly figures the company provided as preliminary estimates.