Update
Strategy Reduces Bitcoin Purchases and Accelerates STRC Repurchases
MicroStrategy (formerly Strategy) spent $192.4 million on STRC repurchases and $21.5 million on Bitcoin purchases during Oct. 5–11, compared to $176.3 million on STRC repurchases and $21.5 million on Bitcoin purchases during the previous week. The company's $4.88 billion USD Reserve is earmarked for preferred dividends and interest, and is not authorized for STRC repurchases. The company's $354.8 million in remaining preferred-share repurchase authorization was used for the latest repurchases, lifting its holdings to 848,250 BTC, purchased for approximately $64 billion at an average price of $75,444 per coin. The company's USD Cash balance decreased to $640.5 million, down from $833.4 million a week earlier, matching the amount spent on STRC repurchases.