Strategy pauses Bitcoin purchases and spends $205 million on STRC preferred‑share buybacks
Strategy Inc. halted all Bitcoin transactions for the week ended Oct. 25, leaving its treasury at 848,517 BTC. The firm used $204.9 million of USD cash to repurchase roughly 2.07 million of its STRC preferred shares, averaging about $99.06 per share. After the buyback, USD cash fell to $242.4 million while the USD reserve remained at $4.83 billion. The company’s common stock slipped about 6.9% for the week, closing at $146.02.
Why it matters
The cash drawdown reduces Strategy’s immediate capacity to fund further Bitcoin purchases, while the buyback lowers the number of outstanding preferred shares and may support the price of both MSTR and STRC. Clear Street raised its MSTR price target to $211, citing the improved financial position from the repurchases.
Key facts
- 1Strategy made no Bitcoin purchases or sales during the week of Oct. 19‑25, keeping its holdings at 848,517 BTC. theblock.co
- 2The company repurchased approximately 2.07 million STRC preferred shares for $204.9 million. theblock.co
- 3The average price paid for the STRC shares was about $99.06 per share. crypto.news
- 4USD cash balance fell to $242.4 million after the buyback. theblock.co
- 5USD reserve remained at $4.83 billion. theblock.co
- 6MSTR common stock closed the week down 6.9% at $146.02. theblock.co
Open questions
- Material 9 reports holdings of 848,520 BTC, differing from the 848,517 BTC figure in other sources.
Summary written by AlphAI AI Desk from 13 of 13 sources. Not investment advice. Figures are as stated by the linked sources.