Strategy bought 250 BTC for $21.5 million between 5 and 11 Oct, an average of $86,194 per coin including fees, the company said on Monday. It now holds 848,250 BTC, bought for $64.0 billion at an average of $75,444.
The more notable number is the buyback. Strategy repurchased 1,932,145 shares of its STRC preferred stock for $192.4 million in the same week, almost nine times what it spent on bitcoin.
| Strategy, week to 11 Oct | Figure |
|---|---|
| BTC bought | 250 (avg $86,194) |
| Funded by | $21.0M from MSTR stock sales, $0.5M USD Cash |
| STRC repurchased | 1,932,145 shares, $192.4M |
| Total holdings | 848,250 BTC |
| USD Reserve / USD Cash | $4.88B / $640.5M |
Source: Strategy release, 12 Oct 2026.
The bitcoin was bought with proceeds from selling 125,183 MSTR shares, and Strategy still has $18.8 billion of MSTR available under that sales programme. It has $354.8 million left in its preferred-stock buyback programme and $1.0 billion in its MSTR buyback programme, the release said. MSTR closed Monday at $152.68, per Yahoo Finance data.
The average price paid, $86,194, is above where bitcoin traded on Tuesday, near $83,350 at 12:30 UTC on Kraken. Strategy’s last quarterly update is in our note on its third-quarter gain.
XRPN’s first day
Evernorth Holdings, the XRP treasury company backed by Ripple, began trading on Nasdaq under the ticker XRPN on Monday after closing its SPAC merger with Armada Acquisition Corp. II on 9 Oct.
The shares opened at $16.68, rose as high as $19.39, fell to $16.39 and closed at $16.91, down 1.05% on the previous close, with about 1.29 million shares traded, according to Yahoo Finance data.
Evernorth says it holds about 473 million XRP and about $300 million in gross cash proceeds, per its 9 Oct release. At XRP’s Kraken price of $1.36 at 12:30 UTC, that XRP is worth about $644 million. Holders redeemed 80.3% of the SPAC’s public shares before closing. The company also named former Coinbase Asset Management co-CIO Hugo Jeandesboz to run its investment strategy, FXStreet reported.
Evernorth plans to ring the Nasdaq closing bell on Wednesday, 14 Oct.
Two treasuries, one lesson: listed wrappers trade on their own supply and demand, not just on the coins behind them. For the fund route to the same exposure, see our spot ETF explainer.
This article is for information only and is not investment advice.