Strategy Inc Buys 168 BTC, Funded By Preferred Shares

Strategy Inc. purchased 168 BTC for $18.8 million in the week ending Oct. 19, funded by at‑the‑market preferred‑share offerings rather than common‑share issuances. The buy brings its treasury to roughly 640,400–640,418 BTC, valued near $69–$71 billion, with an aggregate purchase price around $47.4 billion and an average cost basis of about $74,010 per BTC. The preferred tranches used include STRK, STRF and STRD, and the offerings leave room in its programs for potential future sales. Executive Chairman Michael Saylor’s social posts have historically preceded buys and have fueled speculation of further purchases, although the company’s weekly buying pace has slowed amid recent Bitcoin volatility, including an Oct. 10 flash crash and large market outflows. Strategy remains the largest public corporate holder, owning roughly 2.5–3% of Bitcoin’s supply, which continues to influence its market‑to‑Bitcoin NAV and share premium dynamics.