Strategy shares climbed almost 8% on October 21, 2026, closing at $153.48 after the company disclosed another Bitcoin purchase. The acquisition added 267 Bitcoin to its treasury, bringing total holdings to 848,517 BTC.
Key Takeaways
- Strategy sold 140,872 shares, raising $22.0 million to finance the Bitcoin purchase.
- The company increased its preferred-stock repurchase authorization from $2 billion to $3 billion.
Table of Contents
Strategy shares rally as treasury holdings expand
The filing detailed both an increase in Strategy’s Bitcoin holdings and the equity financing behind it. The company completed the sale of 140,872 shares for $22.0 million in proceeds to fund the additional cryptocurrency purchase.
Separately, Strategy expanded its preferred-stock repurchase authorization by $1 billion, taking the total authorization to $3 billion. As of October 18, $1.16 billion remained available. That figure represents remaining authorization, rather than completed repurchases.
Strategy, formerly known as MicroStrategy and trading under the ticker MSTR, operates a Bitcoin treasury alongside its AI-powered enterprise analytics software business. Its market capitalization was $64.78 billion.
Financial measures
Strategy traded at a price-to-sales ratio of 99.4, compared with its historical median of 6.55.
Trailing 12-month earnings per share were negative $97.21.
Strategy had a current ratio of 5.39 and a debt-to-equity ratio of 0.15, alongside a 27% revenue decline over three years and negative earnings growth.
Insiders sold $36.1 million of shares over the preceding 12 months while purchasing $0.8 million; no insider purchases were reported during the latest three months.
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