Strategy Repurchases $205M of STRC, Holds 848,517 BTC: Saylor

Strategy founder Michael Saylor posted on X on October 26 that the firm has repurchased $205 million of its STRC preferred stock. As of October 25, 2026, Strategy holds 848,517 BTC and $5.1 billion in USD assets, per Saylor's own disclosure.

What Saylor's post discloses, and what remains unconfirmed

Saylor's post names two figures directly: the $205 million STRC repurchase and the firm's 848,517 BTC holding alongside $5.1 billion in USD assets as of October 25. These are self-disclosures from Strategy's own executive account and carry attribution accordingly.

A same-day Form 8-K filed with the SEC corroborates the broad shape of the disclosure — a repurchase of shares of Strategy's Variable Rate Series A Perpetual Stretch Preferred Stock (STRC) during the reporting week. CoinsCipher's retrieval of the full filing text was truncated before reaching granular line items such as exact share counts, the USD Reserve balance, remaining repurchase-program authorization, and the separate USD Cash balance. Those specific figures cannot be independently verified against the portion of the document retrieved and are not restated here pending confirmation against the complete filing on SEC EDGAR.

Per The Block's reporting, Strategy bought no new bitcoin during the week, a pause The Block's reporting describes as ending a run of consecutive weekly acquisitions. The Block's reporting also describes the firm's holdings as representing a notable share of total bitcoin supply. CoinsCipher was unable to fetch The Block's full article body to verify the exact length of the streak or the precise supply-share percentage; these specifics are attributed to The Block's reporting alone and should be treated as that outlet's characterization pending independent confirmation.

Why the shift toward preferred-stock buybacks matters

Saylor's X post does not state why Strategy chose to deploy capital into STRC repurchases rather than new bitcoin purchases during the week, nor does it specify when bitcoin buying might resume. The company has not, in the material reviewed for this article, offered a stated rationale for the pause beyond the figures disclosed.

Strategy's capital structure includes multiple classes of preferred stock — STRC among them — alongside its common MSTR equity, a structure Saylor has discussed in prior public statements as part of the company's broader financing approach. The mechanics of how STRC repurchases interact with that structure were not detailed in the October 26 post itself.

Strategy's next scheduled disclosure point is its third-quarter earnings report, expected October 29, which should offer additional detail on both its Bitcoin treasury strategy and its capital allocation priorities. Readers can track the complete, unredacted 8-K filing directly on SEC EDGAR for figures this article could not independently confirm from the retrieved excerpt.