Strategy disclosed spending $193.1 million on STRC share buybacks in the week ending approximately October 22, 2026. The company executed these repurchases at an average price of $99.60 per share, which is within 0.4% of the stock’s $100 par value.
Alongside this expenditure, Strategy increased its STRC buyback authorization from $2 billion to $3 billion. This action contrasts with prior guidance from CEO Phong Le, who stated the company intended to taper repurchases as the trading price approached $100 per share.
Key facts
- Strategy raised its STRC buyback authorization limit from $2 billion to $3 billion.
- The company spent $193.1 million on buybacks in the week ending around October 22, 2026.
- The average price paid for the repurchased shares was $99.60.
- Strategy has used $1.84 billion in cash to repurchase STRC shares since July.
- The recent buyback volume accounted for 19.5% of total STRC trading volume.
- Common MSTR shareholders provided the majority of the cash through dilution.
Why it matters
The source documents that common MSTR shareholders experienced dilution as a direct consequence of providing the cash used for these repurchases, while the supply of MSTR shares has only increased this year.