Strategy Holds $67.9 Billion in Bitcoin After Pausing…
By Abdelaziz Fathi
AI summary of the source article
Strategy paused its Bitcoin acquisitions between October 19 and October 25, deploying $204.9 million to repurchase STRC preferred shares instead. As of October 25, the company held 848,517 BTC and $242.4 million in deployable USD Cash.
Why it matters
The text notes that the distinction matters because "Strategy's Bitcoin accumulation strategy depends on its ability to raise capital through common stock, preferred securities and debt," with both preferred share repurchases and Bitcoin purchases competing for cash.
Key facts
- Strategy held 848,517 BTC acquired for approximately $64.02 billion as of October 25, with no purchases or sales between October 19 and October 25.
- The company spent $204.9 million from its USD Cash balance to repurchase 2,068,459 shares of its STRC preferred stock.
- Strategy reported a USD Reserve of $4.83 billion and a USD Cash balance of $242.4 million as of October 25.
Source excerpt · FinanceFeeds
Strategy ended a five-week run of Bitcoin acquisitions by making no purchases or sales between October 19 and October 25, instead spending $204.9 million to repurchase its STRC preferred shares as the company shifts capital toward managing its growing securities obligations. The Bitcoin treasury company held 848,517 BTC as of October 25, acquired for approximately $64.02 billion at an average cost…