Strategy, the Nasdaq-listed bitcoin treasury company formerly known as MicroStrategy, has continued its accumulation of digital assets by purchasing 250 bitcoins for $21.5 million between October 5 and October 11, according to a Monday filing. This acquisition marks the fourth consecutive week of buying activity for the firm, which had previously paused or slowed purchases to build cash reserves. In addition to the bitcoin purchase, Strategy spent $192.4 million repurchasing its STRC preferred stock.
Following these transactions, Strategy holds a total of 848,250 bitcoins, valued at approximately $70.2 billion based on current market prices. The company also reported holding $5.5 billion in USD assets as of October 11, 2026. The announcement coincided with a slight uptick in Strategy’s common stock (MSTR), which traded nearly 2% higher on Monday. The consistent weekly buying pattern signals a strategic pivot back to aggressive accumulation after months of sporadic activity.
The resumption of weekly bitcoin purchases by Strategy indicates a renewed confidence in its capital allocation strategy, balancing asset accumulation with liability management through preferred stock repurchases. By simultaneously buying BTC and retiring STRC shares, the company is attempting to optimize its balance sheet while maintaining its position as the largest corporate holder of bitcoin. This dual approach suggests that management views the current market conditions as favorable for both acquiring undervalued equity in itself and adding to its core digital asset holdings.
From an institutional adoption perspective, Strategy’s sustained accumulation reinforces the narrative of bitcoin as a primary treasury reserve asset for public companies. However, the reliance on continuous buying to maintain its valuation premium exposes the firm to significant operational risk if market sentiment shifts or if liquidity constraints emerge. Investors will likely monitor whether this four-week streak of purchases can be maintained without depleting the $5.5 billion cash buffer, especially given the high volatility inherent in the underlying asset class.
