According to a Monday Form 8-K filing with the United States Securities and Exchange Commission (SEC), Strategy repurchased $208.2 million worth of STRC preferred shares during the period. By comparison, the corporate treasury pioneer spent approximately $65.5 million to acquire 811 Bitcoin at an average price of $80,846 per coin.
The regulatory filing details a series of capital allocation maneuvers executed by the firm. Strategy sold approximately 1.18 million of its MSTR common shares, generating net proceeds of $164 million. Of that total capital raised through the common stock offering, $65.5 million was directly allocated to funding the aforementioned Bitcoin acquisition. Meanwhile, the remaining $98.5 million was directed into the company’s USD cash balance.
As of Sunday, Strategy reported holding $132.7 million in USD cash, alongside a substantial separate US dollar reserve valued at $4.79 billion. These robust liquidity metrics underscore the company’s continuous balance sheet management strategy as it balances aggressive digital asset accumulation with equity preservation.
The latest round of preferred share repurchases follows a broader trend observed over the preceding weeks. Between Oct. 1 and Oct. 25, Strategy engaged in approximately $664 million worth of STRC buybacks. During that same multi-week window, the company deployed roughly $72 million toward Bitcoin acquisitions, demonstrating that capital allocation toward preferred stock buybacks has frequently outpaced digital asset purchases in recent corporate reporting cycles.
Market response to these capital allocation decisions has been measured. Strategy’s STRC preferred stock rose 0.1% in pre-market trading on Monday, ticking up to $99.22. This price point remains approximately 0.8% below its nominal $100 target price, according to data from Yahoo Finance. Under the company’s established corporate guidelines, Strategy maintains a policy stipulating that it will not issue new STRC shares below the $100 threshold. This governance rule effectively limits that particular source of external funding while the stock continues to trade below its intended target price, prompting the firm to manage the existing float actively through open-market buybacks.
The focus on capital structure and share buybacks is not entirely unique to Strategy within the specialized niche of corporate Bitcoin treasuries. On the international front, another prominent corporate Bitcoin holder, Japan’s Metaplanet, reported its own significant common share buyback activities on Monday. According to an official corporate release filed via the Tokyo Stock Exchange’s Timely Disclosure network (TDnet), Metaplanet spent approximately 25.27 billion yen, equivalent to roughly $160 million, to buy back 96.45 million of its common shares. These repurchases were executed between Oct. 14 and Saturday, representing roughly 7.1% of the company’s total issued shares, further illustrating how international corporate treasury strategies are increasingly incorporating equity management alongside digital asset accumulation as part of their overarching financial frameworks.
