October 12th 2026, 12:06 PM
MicroStrategy Scales Back Bitcoin Purchases Amid Share Repurchases
Key Summary
MicroStrategy, the Nasdaq-listed company with the largest public Bitcoin holdings, has significantly reduced its Bitcoin purchases over the past two weeks. The company bought 250 coins last week, a 84% decrease from its previous purchase two weeks ago. Meanwhile, MicroStrategy has increased its share repurchases, spending $176.3 million on its preferred stock in the week to October 4, a move that has led some to question whether the company is losing its Bitcoin-buying power.
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Bitcoin Purchases on the Decline
MicroStrategy, the Nasdaq-listed company that holds more Bitcoin than any other public firm, has scaled back its Bitcoin purchases. The company bought 250 coins last week, a 84% decrease from its previous purchase two weeks ago.Share Repurchases on the Rise
Meanwhile, MicroStrategy has increased its share repurchases, spending $176.3 million on its preferred stock in the week to October 4. This move has led some to question whether the company is losing its Bitcoin-buying power.Bitcoin Value and Cost
Bitcoin trades near $83,283, up 0.19% in 24 hours. At this price, MicroStrategy's coins are worth about $70.61 billion. Its average cost is $75,441 per coin.Analysis and Implications
Gold advocate Peter Schiff argued that MicroStrategy has lost its buying power because the STRC share sales that once funded its purchases have dried up. However, MicroStrategy's CEO, Michael Saylor, has not slowed his signaling, and the company still has about $18.8 billion of common stock it is authorized to sell.Future Developments
MicroStrategy's next filings will show how much of that money goes to Bitcoin and how much to buybacks. The company's Bitcoin holdings now stand at 848,250 BTC.#Bitcoin#US#Crypto#SEC#Nasdaq