At a glance
- The purchase lifted Strategy's bitcoin holdings to roughly $70 billion, or about 4% of the cryptocurrency's circulating supply, according to Fortune.
- Strategy also spent roughly $192 million repurchasing nearly 2 million shares of STRC, a preferred stock that makes regular payments to investors, Fortune reported — about nine times the size of the bitcoin purchase.
- The repurchase shrinks the payment stream an income sleeve receives, while the stock sale increases the share count behind a growth sleeve.
Strategy bought more than $21 million of bitcoin, its fifth purchase since August, funded by selling over 125,000 common shares and $500,000 of cash, Fortune reported Oct. 12.
The purchase lifted Strategy's bitcoin holdings to roughly $70 billion, or about 4% of the cryptocurrency's circulating supply, according to Fortune.
Strategy also spent roughly $192 million repurchasing nearly 2 million shares of STRC, a preferred stock that makes regular payments to investors, Fortune reported — about nine times the size of the bitcoin purchase.
The repurchase shrinks the payment stream an income sleeve receives, while the stock sale increases the share count behind a growth sleeve.
Alternatives reported Oct. 22 that spot bitcoin ETFs drew more than $1 billion in the week's first three sessions, per SoSoValue data cited by CoinDesk, while bitcoin slipped below $82,000. The ETF route differs from Strategy's approach: a fund position rather than an issuer's financing policy, a preferred that pays distributions and a share count that moves with each purchase.
Reported by the Digital Assets desk from Fortune Term Sheet Crypto. Published . Updated Oct 25, 2026 · 1:00 p.m. ET. Corrections