MicroStrategy (Nasdaq: MSTR) did not buy or sell any Bitcoin during the week of Oct. 19‑Oct. 25, keeping its treasury at 848,517 BTC. The company instead repurchased 2,068,459 shares of its variable‑rate Stretch preferred stock (STRC) for approximately $204.9 million.
Buyback details
The repurchase brings the two‑week total of STRC buybacks to about $398 million, covering roughly 4.01 million shares. After the transaction, about $956.8 million remains authorized for further preferred‑stock repurchases, and $1 billion is still available for common‑stock buybacks.
Bitcoin holdings
MicroStrategy’s Bitcoin position remains unchanged at 848,517 BTC, acquired at an average cost of $75,446 per coin, or roughly $64.02 billion in total. At recent market prices near $79,600, the holdings were valued at just over $67 billion.
Cash and reserves
The company funded the STRC buyback with $204.9 million of its “USD Cash,” which is also used for Bitcoin purchases and other corporate purposes. As of Oct. 25, USD Cash stood at $242.4 million, down from $447.3 million the week before. The firm’s U.S. dollar reserve remained steady at $4.83 billion, intended to support dividend and interest obligations.
Market context
STRC shares have traded near their $100 par value in recent weeks, closing at $99.36 on the last trading day. The preferred‑stock price had fallen below $75 in June but has since moved closer to par as Bitcoin and MSTR share prices fluctuated.
