Strategy Pauses Bitcoin Buying, Spends $205M Buying Back STRC
Summary
Strategy paused its weekly Bitcoin purchases, spending $204.9 million to repurchase 2.07 million STRC preferred shares instead. It made no sales through its at-the-market share offering during the week ending October 25. The company holds 848,517 BTC, acquired at an average price of $75,446, and reported $5.1 billion in USD assets. Its general-purpose cash fell to $242.4 million after the buyback, while its separate reserve for dividends and debt interest remained at $4.83 billion. The pause comes as MSCI considers excluding companies dominated by a single asset from its equity indexes; it plans to name affected companies on November 11.
