Market Flux Event
Strategy Pauses Bitcoin Buying for First Time in Weeks, Repurchases $205M in STRC Preferred Stock
Read this in the Market Flux appStrategy, the software-turned-Bitcoin-treasury company, made no Bitcoin purchases or sales during the week of October 19 through 25, marking a pause in its aggressive accumulation campaign. The company continues to hold 848,517 BTC acquired at a total cost of $64.02 billion, reflecting an average purchase price of $75,446 per coin.
Rather than deploying capital into Bitcoin, Strategy repurchased $204.9 million of its STRC preferred stock during the period, while retaining a $4.83 billion cash reserve. The timing of the pause coincides with an upcoming Federal Reserve rate decision, which analysts and observers have pointed to as a factor influencing the company's near-term capital allocation. Shares of MSTR fell approximately 1.9% in premarket trading following the disclosure.
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Sources
- DeItaone$MSTR - STRATEGY PAUSES BITCOIN PURCHASES, REPURCHASES $205M IN PREFERRED STOCK Strategy reported no Bitcoin purchases or sales during October 19–25. The company continues to hold 848,517 BTC, acquired for $64.02B at an average price of $75,446 per Bitcoin. Instead, Strategy repurchased $204.9M of STRC preferred stock, while maintaining a $4.83B cash reserve.
- OpenOutcrier$MSTR (-1.9% pre) Strategy pauses bitcoin purchases, repurchases $204.9M in STRC stock
- Crypto BriefingStrategy repurchases $205 million of STRC stock, skips Bitcoin buying ahead of Fed rate call
- CoinGapeMedia₿ JUST IN: #Strategy Repurchases $205M in $STRC, Reports No #Bitcoin Purchases or Sales.
- Crypto PotatoNo New Bitcoin Purchase From Strategy, but STRC Buybacks Roll On