Strategy pauses Bitcoin buys as STRC repurchases reach $205 million

Strategy has repurchased $204.9 million of its STRC preferred stock while making no Bitcoin purchases or sales during the week ended Oct. 25, leaving its holdings at 848,517 BTC. Summary Strategy bought back 2,068,459 STRC shares without selling shares through its at-the-market offering program. Bitcoin holdings remained unchanged, with an aggregate purchase cost of $64.02 billion, including fees. USD Cash fell to $242.4 million, separate from the company’s $4.83 billion designated reserve. Preferred-stock repurchase capacity stood at $956.8 million following the latest transactions. Strategy disclosed the transactions in an Oct. 26 filing with the U.S. Securities and Exchange Commission. The company funded the STRC purchases from its USD Cash balance and reported no repurchases of MSTR common stock or its other listed preferred shares. Executive chairman Michael Saylor announced the rounded $205 million figure on X, saying Strategy held $5.1 billion in USD assets as of Oct. 25. Strategy’s STRC purchases averaged roughly $99.06 per share Dividing the reported $204.9 million purchase cost by 2,068,459 shares gives an average of approximately $99.06 per STRC share. The calculation us...