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Strategy Adds 390 Bitcoin in Weekly Buy Funded by Preferred Stock

The company is leaning on ATM preferred programs after pausing common‑stock issuance, reflecting tighter equity economics.

Overview

  • A Form 8-K shows Strategy bought 390 BTC between Oct. 20 and Oct. 26 for about $43.4 million at an average price near $111,117 per coin.
  • Total holdings stand at 640,808 BTC acquired for roughly $47.44 billion, with an average cost basis of about $74,032 per bitcoin.
  • The purchase was financed entirely via preferred-share ATM sales, including approximately $19.4 million of STRF, $17.0 million of STRK, and $7.0 million of STRD proceeds.
  • Strategy did not issue MSTR common stock for a fourth straight week, leaving $15.909 billion of remaining capacity on that ATM program unchanged.
  • The company reported a 26% BTC yield year to date in 2025 as bitcoin traded above $115,000 and MSTR shares rose a few percent following the disclosure, while recent buys have slowed to a few hundred BTC per week and Michael Saylor again teased activity with his “It’s Orange Dot Day” post.