Strategy (MSTR) Pauses Bitcoin Buying and Spends $205 Million on Preferred Stock
By Micah Zimmerman
AI summary of the source article
Strategy reported no bitcoin purchases or sales during the week of October 19 through 25, instead spending $204.9 million to repurchase STRC preferred stock. The company maintained a $4.83 billion cash reserve and holds 848,517 BTC.
Why it matters
Retiring $100 of stated value for $86.52 cuts the claim by a larger amount than the cash spent, which lifts net bitcoin per share.
Key facts
- Strategy paused bitcoin buying and selling from October 19 through 25, keeping its total holdings at 848,517 BTC.
- The firm spent $204.9 million repurchasing STRC preferred stock and retained a $4.83 billion cash reserve.
- Strategy's bitcoin holdings were acquired for $64.02 billion at an average price of $75,446 per bitcoin.
Source excerpt · Bitcoin Magazine
Bitcoin Magazine Strategy (MSTR) Pauses Bitcoin Buying and Spends $205 Million on Preferred Stock Strategy skipped bitcoin buys for the week of October 19–25 and spent $204.9 million buying back its STRC preferred stock. This post Strategy (MSTR) Pauses Bitcoin Buying and Spends $205 Million on Preferred Stock first appeared on Bitcoin Magazine and is written by Micah Zimmerman .