Chow Thomas C. sold $15K of MSTR

Strategy (MSTR) held $5.1B in cash, buying no bitcoin but spending $204.9M on preferred stock buybacks. $4.83B is earmarked for dividends. Q3 results on Oct. 29 will show bitcoin growth and the pause's duration. The company had negative free cash flow of $112M in fiscal 2025.

Strategy (MSTR) expects a significant reversal in Bitcoin-related results, with an estimated $20.91B gain in Q3 after an $8.32B loss in Q2. The company's earnings report will focus on Bitcoin gains and a shift in buyback strategy.

Strategy shareholders approved daily dividends for four preferred stocks, with 99.3% voting in favor. The change aims to enhance liquidity and stability, with dividends accruing daily but paid on the next business day. STRC's dividend rate was 11.50% as of June 30, 2026. The company's common stock, MSTR, is down 50% over the past year but up nearly 1,000% since 2020. The board must approve the change before new payment schedules begin.

Strategy (MSTR) reported no bitcoin or stock sales from Oct 19-25, 2026, holding 848,517 BTC at an average cost of $75,446. It repurchased 2.07M shares of preferred stock for $204.9M, with $956.8M and $1B remaining for preferred and common stock buybacks, respectively. The company's USD reserves totaled $4.83B, with $242.4M in cash.

Strategy skipped its weekly Bitcoin purchase from October 19-25, instead repurchasing $204.9M of its own preferred stock (STRC). The company held 848,517 Bitcoin as of October 25, bought at an average price of $75,446. Strategy's stock has traded near its net asset value, making buybacks an attractive option. The company has $956.8M remaining under its repurchase program.

Strategy Inc (MSTR) repurchased $204.9 million of its preferred shares, totaling 2.07 million shares. The company's Bitcoin holdings remained unchanged at 848,517 BTC, acquired for $64.02 billion. Strategy funded the repurchases with its US dollar cash balance, holding $4.83 billion in reserves. Shares fell 4.24% to $139.82 post-announcement.