Strategy Adds 267 Bitcoin as Preferred-Share Buyback Cap Rises to $3 Billion

Strategy added 267 Bitcoin (BTC) from Oct. 12 to Oct. 18, while its board raised the preferred-share repurchase cap to $3 billion, expanding the company’s capital-return program. The purchases cost about $22.1 million, an average of $82,900 per coin. Strategy held 848,517 BTC at the end of Oct. 18, with an aggregate purchase cost of about $64.02 billion and an average cost of $75,446 per coin. During the same period, Strategy spent $193.1 million of USD Cash to repurchase 1,938,780 shares of its STRC preferred stock. The $3 billion limit includes earlier repurchases; $1.16 billion remained available as of Oct.

Source: TokenPost