Strategy added 334 Bitcoin to its balance sheet between October 1 and 4 for an outlay of $28.7 million. The purchase pushed the company’s digital asset holdings to a record 848,000 BTC, but its largest capital allocation last week went elsewhere.
During the same four-day window, Strategy spent $176.3 million to buy back 1.77 million shares of STRC preferred stock. This means management allocated more than six times as much capital toward repurchasing its own shares than toward expanding its weekly Bitcoin reserves.
Crypto Accumulation Volume Slows
The slowdown in buying activity last week mirrors aggregate data across the third quarter of 2026. During Q3, Strategy acquired 7,218 BTC and sold 5,553 BTC, leaving a net addition of just 1,666 coins. That pace represents a sharp drop compared to its second-quarter performance, when the company recorded a net addition of 84,000 BTC to its balance sheet.
Management’s spending priorities clearly pivoted toward the equity market. Across Q3, the firm deployed a total of $1.38 billion toward STRC share buybacks, far eclipsing its crypto accumulation. Average purchase prices also factored into the reduced spending. The latest purchase of 334 coins was executed at an average price of $85,838.80 per coin - 14% higher than the combined average cost basis of $75,440.70 across the company’s entire Bitcoin portfolio.
The rally in Bitcoin’s market price delivered Strategy an initial digital asset gain of $20.91 billion for its Q3 2026 reporting. The surge in the fair value of its crypto portfolio also contributed to a recorded deferred tax expense of $1.88 billion on its operational books.
Proposal for Daily Dividend Changes
Beyond the aggressive stock buyback maneuvers, Strategy has put forward a proposal to revamp its dividend payout system. Management plans to distribute STRC dividends on a daily basis starting in November, replacing the current twice-monthly schedule.
The daily distribution plan is also set to target holders of STRF, STRK, and STRD share classes starting in January next year. All of these structural changes await a final shareholder vote at an upcoming special meeting on October 28.
Strategy’s coin accumulation phase appears to be taking a pause. With tens of billions of dollars in asset gains on the table, the company is now focused on streamlining its internal capital structure and returning value to its investors. Reported by Cointelegraph.
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Disclaimer: This article is for informational and educational purposes only, not financial advice. Cryptocurrency assets are highly volatile and carry significant risk. Always do your own research (DYOR) and never invest more than you can afford to lose.
