Crypto

Strategy pauses Bitcoin purchases, spends $205M on STRC preferred stock buyback

Strategy made no Bitcoin purchases or sales for the week of October 19-25, holding steady at 848,517 BTC acquired for $64.02 billion at an average of $75,446 per BTC; the company repurchased 2,068,459 shares of its STRC preferred stock for $204.9 million. Strive acquired 6,182 BTC between October 17 and 23, its largest purchase to date; total Bitcoin holdings now stand at 43,000 BTC; the company also established a $1 billion ATM program for its SATS preferred stock.

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Strategy pauses Bitcoin purchases, spends $205M on STRC preferred stock buyback

  • FactStrategy made no Bitcoin purchases or sales for the week of October 19-25, holding steady at 848,517 BTC acquired for $64.02 billion at an average of $75,446 per BTC; the company repurchased 2,068,459 shares of its STRC preferred stock for $204.9 million using its USD Cash balance, which fell to $242.4 million.
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