Strategy Adds $22M in Bitcoin, Approves $1B Share Buyback

Strategy expanded its Bitcoin reserves by 267 tokens last week while simultaneously authorizing a fresh $1 billion to repurchase its own preferred stock. The dual maneuver signals the digital asset treasury company is deploying capital on two fronts as Bitcoin traded between $80,000 and $84,000.

The cryptocurrency acquisition cost more than $22 million, according to a Monday disclosure. That purchase pushed Strategy’s total holdings to a valuation of approximately $64 billion. The company has now bought Bitcoin six times since August, including a $21 million transaction the prior week.

On the equity side, Strategy spent roughly $193 million buying back shares of STRC, a dividend-paying preferred stock. Its board then approved an additional $1 billion for preferred-share buybacks, lifting the total authorization ceiling to $3 billion.

Executive chairman Michael Saylor reiterated his long-standing directive against liquidating the asset. “You do not sell your Bitcoin,” he said last October. The company did break that rule earlier this year, selling Bitcoin on four separate occasions during a June slide that dragged prices down to $58,000.

Bitcoin’s recent volatility has been driven largely by geopolitical friction rather than crypto-specific catalysts. Attacks on shipping in the Strait of Hormuz on Friday spiked oil prices and stoked inflation fears, pressuring risk assets across the board. Prices retreated again Monday after President Donald Trump waived some Russia-related sanctions and tariffs, easing concerns over global fuel supplies.

Broader markets mirrored the turbulence. The Nasdaq dropped more than 2% Friday as investors questioned the durability of the AI boom before recovering most losses by Monday morning. Bitcoin itself had climbed from roughly $63,000 in August to a peak near $86,000 in late September — its first time above $80,000 since May — before the latest pullback.