Strategy makes record $205 million STRC buyback as Strive spends $511 million on Bitcoin

Bitcoin treasury firms Strategy and Strive made record purchases last week, but directed their capital toward different assets.While Michael Saylor's Strategy intensified its preferred-stock buybacks, Strive accelerated its Bitcoin accumulation, highlighting diverging priorities in how the companies deploy capital.Strategy's STRC purchases exceed $2 billionStrategy's Bitcoin buying streak ended after five consecutive weeks as the company stepped up efforts to support its STRC high-yield preferred stock.The Saylor-led firm acquired no Bitcoin between Oct. 19 and Oct. 25, its first weekly pause since mid-September. It also raised no fresh capital through its at-the-market equity program, leaving its holdings unchanged at 848,517 BTC, purchased for approximately $64.02 billion.Instead, the company spent a record $204.9 million to retire 2.07 million shares of its STRC preferred stock, extending a buyback campaign that has now spent more than $2 billion since July.Bitcoin analyst Ragnar estimated that Strategy accounted for 28% of STRC trading volume in the latest week, showing how much the company's own purchases have contributed to demand for the security.The scale of the purchases i...