Strategy pauses its Bitcoin buying: $204.9 million into its own shares

Here is what the filing shows: the largest corporate holder of Bitcoin bought no Bitcoin at all in the week of October 19 to 25, 2026. Instead, $204.9 million went into the repurchase of 2.07 million of its own STRC preferred shares, paid out of cash on hand. Our own reading follows further down: Strategy is tidying up its dividend burden rather than growing the stack. The short answer to the question every holder is asking: nothing was sold. The stack still stands at 848,517 Bitcoin. Only the buying has stopped, and so far only for one week. The company reports these figures every Monday in a mandatory filing with the US Securities and Exchange Commission, the 8-K. The filing dated October 26, 2026 is the source for every number in this article. What Strategy reported for the week of October 19 to 25, 2026 Three items sit at the heart of the filing. First, no Bitcoin transaction, neither a purchase nor a sale. Second, no share sales through the running at-the-market programme, the mechanism the company uses to issue new stock continuously on the exchange. Third, $204.9 million for the repurchase of 2.07 million STRC preferred shares. That ends a run of weeks in which the company a...