Strategy Inc. cuts Bitcoin buying, boosts preferred‑share repurchase amid MSCI exclusion risk
Strategy Inc. bought only 250 BTC for about $21.5 million in the week ending October 11, while spending $192.4 million to repurchase its Series STRC preferred shares whose yield rose to 12.31%. The company kept $5.5 billion in cash‑equivalents for liquidity. MSCI may remove the firm from global indexes, a move that could force roughly $2.8 billion of passive‑fund outflows, and the stock fell 9.56% to $136.83.
Why it matters
The shift away from Bitcoin purchases to preferred‑share buybacks reduces the pace of expanding the crypto portfolio, which may affect future earnings from Bitcoin price moves. If MSCI excludes the stock, investors could see a $2.8 billion withdrawal from index funds, putting further pressure on the share price.
Key facts
- 1Strategy purchased 250 BTC for approximately $21.5 million during the reporting week ending October 11. cryptonews.net
- 2The company repurchased $192.4 million of its Series STRC preferred shares, whose yield increased to 12.31%. cryptonews.net
- 3Strategy holds about $5.5 billion in dollar‑denominated liquid assets. cryptonews.net
- 4MSCI is expected to decide on a possible exclusion of Strategy on November 11 2026, which JPMorgan analysts estimate could trigger $2.8 billion of passive‑fund outflows. econotimes.com
- 5MSTR shares dropped 9.56% to $136.83, and the market‑NAV ratio fell to 0.83×. cryptonews.net
- 6Strategy’s Bitcoin holdings total roughly 848,250 BTC, valued at about $69.45 billion, with an average acquisition cost of $75,444 per coin. econotimes.com
Summary written by AlphAI AI Desk from 3 of 3 sources. Not investment advice. Figures are as stated by the linked sources.