Strategy Buys More Bitcoin and Retires Nearly 2M STRC Shares

Crypto Insight Summary: Michael Saylor’s Strategy has expanded its bitcoin treasury to 848,250 BTC after acquiring another 250 BTC for approximately $21.5 million. The purchase, disclosed Monday, Oct. 12, 2026, followed Saylor’s Sunday teaser about adding more bitcoin. Strategy also repurchased $192.4 million of its STRC preferred stock, while its combined U.S. dollar reserves and cash holdings stood […] Crypto Insight Analysis: Direction: Bullish BTC Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: Saylor's continued BTC accumulation signals institutional confidence.