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 over the same period.
- In Q3, Strategy raised $5.41 billion through new common shares, with 9.5% allocated directly to Bitcoin purchases.
- The company ended September with an additional 1,666 BTC compared to June’s holdings.
Michael Saylor’s recent statement hints at further potential Bitcoin acquisitions following substantial stock buybacks and capital raises. The company’s strategy appears focused on building cash reserves for future investments in BTC while managing shareholder interests.
With a total of 848,000 BTC now held, Strategy continues to position itself strongly in the cryptocurrency market while balancing stock repurchases and cash flow management.
