Strategy buys another $22 million of Bitcoin, increases planned share buybacks

The latest purchase added 267 Bitcoin to Strategy’s total holdings, which are currently worth around $64 billion. The company also spent roughly $193 million buying back shares of STRC, one of its preferred stocks, which pays investors regular dividends. Its board also approved an additional $1 billion for preferred-share buybacks, bringing the total authorization to $3 billion.

Strategy’s latest acquisition comes a week after its previous purchase of $21 million worth of Bitcoin. Since August, the company has bought Bitcoin on six separate occasions, renewing its aggressive buying streak.

Its latest purchase comes amid sharp swings in Bitcoin’s price that briefly threatened to erase its gains over the past two months. In August, the cryptocurrency snapped its losing streak, climbing from roughly $63,000 to $77,000. By late September, it had topped $80,000 for the first time since May and reached a peak of about $86,000.

But over the past week, a series of tensions have fueled swings in Bitcoin’s price. Oil prices jumped Friday as attacks on shipping in the Strait of Hormuz raised fears of supply disruptions, adding to inflation concerns. Prices fell Monday after President Donald Trump waived some Russia-related sanctions and tariffs, raising hopes that more fuel would reach global markets.

Technology stocks also sold off as investors questioned whether the AI boom could last. The Nasdaq fell more than 2% Friday, but regained most of those losses by Monday morning.

But Strategy’s latest purchase shows the company is continuing to build its holdings despite the market’s swings, in line with executive chairman Michael Saylor’s long-standing preference for holding Bitcoin. “You do not sell your Bitcoin,” he said last October.

Strategy briefly departed from that stance earlier this year, however, selling Bitcoin on four separate occasions during a bear market that pushed the cryptocurrency’s price as low as $58,000 in June.