Strategy Buys More Bitcoin and Retires Nearly 2M STRC Shares

Michael Saylor’s Strategy has expanded its bitcoin treasury to 848,250 BTC after acquiring another 250 BTC for approximately $21.5 million. The purchase, disclosed Monday, Oct. 12, 2026, followed Saylor’s Sunday teaser about adding more bitcoin. Strategy also repurchased $192.4 million of its STRC preferred stock, while its combined U.S. dollar reserves and cash holdings stood at approximately $5.5 billion. Michael Saylor wasn’t kidding when he told his millions of X followers Sunday that “There’s always room for more orange.” Less than 24 hours later, his company, Strategy, confirmed another bitcoin acquisition, adding 250 BTC to its already enormous treasury.

Source: Bitcoin.com News