Strategy bought 334 Bitcoin for $28.7 million between Oct. 1 and Oct. 4, lifting its holdings to a record 848,000 BTC, while spending $176.3 million repurchasing STRC preferred stock. At a Bitcoin price of $85,179, Strategy’s holdings were worth about $72.23 billion, compared with roughly $68.59 billion for BlackRock’s IBIT, which held 805,222.42 BTC. The two holdings were separated by 42,777.58 BTC and had a combined value of about $140.82 billion, although Strategy holds Bitcoin in a corporate treasury while IBIT is backed by a Delaware statutory trust. The Bitcoin purchase was funded with $15.7 million from selling 92,894 MSTR shares and $13 million in cash. The acquisition was much smaller than the 1,665 Bitcoin bought the previous week, and Strategy spent more than six times as much retiring STRC as it did on Bitcoin. Longtime crypto skeptic Peter Schiff said STRC’s recovery to about $99.40, near its $100 stated amount, does not resolve what he sees as a funding constraint because Strategy cannot sell more STRC. Strategy ended the period with a $4.88 billion USD Reserve and $833.4 million in USD Cash. Its Bitcoin holdings had an aggregate cost of $63.97 billion, while a third-quarter Bitcoin rally produced an estimated $20.91 billion fair-value gain and reduced estimated deferred tax expense to $1.88 billion. MSTR shareholders are scheduled to vote Oct. 28 on a proposal allowing daily dividend accruals for several preferred stocks.