Strategy Inc pauses Bitcoin purchases and repurchases $204.9 million of preferred stock
On October 26, 2026 Strategy Inc announced it did not buy any Bitcoin during the week of Oct. 19‑25, leaving its treasury at 848,517 BTC. Instead the company used $204.9 million of its USD cash to repurchase 2.07 million shares of its Variable Rate Series A Perpetual Stretch preferred stock (STRC). The buyback reduced its cash balance to $242.4 million, while its USD reserve remained at $4.83 billion.
Why it matters
The repurchase shrinks the cash pool available for future Bitcoin purchases and may improve the value of remaining equity by retiring discounted preferred shares. Investors should note the lower cash cushion and the remaining authorized buyback capacity of $956.8 million for preferred stock and $1.0 billion for common shares.
Key facts
- 1Strategy made no Bitcoin purchases during the week of Oct. 19‑25, keeping its holdings at 848,517 BTC. coinmarketcap.com
- 2The company repurchased 2,068,459 shares of STRC preferred stock for $204.9 million. coinmarketcap.com
- 3USD cash fell to $242.4 million after the preferred‑stock buyback. coinmarketcap.com
- 4USD reserve stood at $4.83 billion. coinmarketcap.com
- 5Preferred‑stock buyback authorization leaves $956.8 million remaining; common‑stock buyback program leaves $1.0 billion remaining. coinmarketcap.com
- 6Shares fell 4.24% to $139.82 after the announcement. grafa.com
Summary written by AlphAI AI Desk from 8 of 8 sources. Not investment advice. Figures are as stated by the linked sources.