Strategy raises buyback cap to USD 3 billion for Strategy stock

Published on 10/21/2026 at 11:07 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Strategy bought 267 bitcoin for USD 22.1 million on October 19. Strategy stock costs EUR 129.50 on October 21, 2026. Its market cap is USD 57.4 billion.

Capital allocation sets the tone

Strategy raised its preferred buyback authorization to USD 3.0 billion on October 19, 2026.
The company held 848,517 bitcoin at an aggregate cost of USD 64.02 billion on October 18, 2026.
Strategy stock traded at EUR 129.50 at 11:03 a.m. CEST at Lang & Schwarz on October 21, 2026.

Strategy, US5949724083, Illustration mit AI erstellt.

Strategy (MicroStrategy) (ISIN US5949724083) raised its preferred-stock buyback authorization to USD 3.0 billion on October 19, 2026, after repurchasing USD 193.1 million of STRC preferred shares. Yahoo Finance reported that the company also bought 267 bitcoin for USD 22.1 million during the period ending October 18, 2026.

Buyback cap reaches USD 3 billion

The expanded authorization gives Strategy USD 1.16 billion of remaining capacity as of October 18, 2026. The company repurchased 1,938,780 STRC shares for USD 193.1 million, while the separate common-stock repurchase program still had USD 1.0 billion available, according to Yahoo Finance.

Strategy funded the bitcoin purchase primarily with USD 22.0 million from selling 140,872 Class A shares through its at-the-market program. That contrast matters: the latest preferred-stock repurchase was nearly nine times the size of the latest bitcoin purchase in dollar terms.

What do analyst targets imply?

On October 16, 2026, Cantor Fitzgerald raised its Strategy target from USD 186.00 to USD 208.00 while keeping an Overweight rating, as MarketBeat reported. The same report cited a USD 246.13 consensus target and a Moderate Buy consensus, but also highlighted Bitcoin exposure and possible index-related selling as risks.

Three recent capital decisions

On October 2, 2026, Citigroup raised its Strategy target from USD 136.00 to USD 240.00 while maintaining a Buy rating, according to MarketBeat. On October 9, 2026, Barclays raised its target from USD 160.00 to USD 175.00 while retaining Overweight, as Yahoo Finance reported. On October 19, 2026, Strategy raised the preferred buyback cap to USD 3.0 billion.

Two dates matter next

Strategy shareholders are scheduled to vote on October 28, 2026, on daily dividends for its preferred securities, according to Yahoo Finance. The company will report third-quarter 2026 financial results after the U.S. market close on October 29, 2026, and hold a video webinar at 5:00 p.m. ET, according to its Strategy release dated October 8, 2026.

Stock trades during the U.S. pre-market

Strategy stock was trading at EUR 129.50 at Lang & Schwarz on October 21, 2026 at 11:03 a.m. CEST. The finance snapshot showed a USD 57.4 billion market capitalization, a USD 81.81 to USD 299.80 52-week range and 18,369,195 shares of volume as of October 20, 2026. The official company release identifies Nasdaq as the primary exchange for MSTR. The further course of trading is shown by the continuously updated real-time quote of Strategy stock.