Strategy bought an additional 267 bitcoin last week for $22.10 million.
Cointelegraph reported on Oct. 19 that it spent $193.10 million over the same period to repurchase STRC preferred shares, about nine times its bitcoin purchases.
An SEC filing showed Strategy bought bitcoin from Oct. 12 to 16 at an average $82,900 per bitcoin. That lifted its bitcoin holdings to 848,517. The holdings are valued at $64.02 billion based on purchase cost.
The company also repurchased 1.94 million STRC preferred shares, spending $193.10 million. In the prior week, Strategy bought 250 bitcoin for $21.50 million and spent $192.40 million on STRC repurchases. It has paired bitcoin purchases with preferred share repurchases for two consecutive weeks.
The board also raised the cap on its digital credit securities repurchase programme to $3 billion from $2 billion. The company said the remaining available amount stood at $1.16 billion as of Oct. 19. The expanded buyback is seen as a signal it will continue operating STRC.
It also disclosed its funding structure. Strategy raised most of the money for bitcoin purchases by selling 140,872 shares of its common stock, MSTR. It used existing cash to repurchase STRC. The company said it separately holds $4.83 billion in dollar reserves to pay preferred dividends and debt interest, and that its separate cash holdings total $447.30 million.
The stock market showed mixed moves. MSTR shares rose more than 2.5 percent in premarket trading before the Nasdaq opened. In regular trading, the stock fell 9.6 percent to close at $138.83 on Oct. 17, the previous session.
Strategy holds the most bitcoin among listed companies. The filing shows it is maintaining its bitcoin buying stance while expanding its preferred share repurchase programme. The market has therefore come to watch how the company will allocate funds between further bitcoin purchases and operating STRC.