Michael Saylor Signals Continued Bitcoin Purchases Amid STRC Buybacks
- Strategy purchased 334 Bitcoin (BTC) for $28.7 million from September 28 to October 4, increasing total holdings to exactly 848,000 BTC.
- The company repurchased approximately 1.77 million shares of its STRC preferred stock for $176.3 million during the same period.
- In Q3, Strategy raised $5.41 billion from new common shares, with 9.5% allocated directly for Bitcoin purchases.
- Analyst Shanaka Anslem Perera noted that the company ended the quarter with an additional 1,666 BTC compared to June.
Saylor’s recent comments suggest a strategy focused on building cash reserves now while planning future Bitcoin acquisitions later. The timing of official SEC filings is delayed due to the Columbus Day holiday.
With over 848,000 BTC in holdings and significant capital raised, Strategy appears poised for continued investment in Bitcoin as market conditions evolve.
