Strategy Pauses Bitcoin Buying for a Week, Repurchases $204.9 Million in STRC

Strategy made no Bitcoin (BTC) purchases or sales during Oct. 19-25, spending $204.9 million on a preferred-stock buyback as its USD Cash balance fell to $242.4 million.

It repurchased 2,068,459 shares of its Variable Rate Series A Perpetual Stretch Preferred Stock (STRC). The buyback was funded from USD Cash, which stood at $447.3 million on Oct. 18. A separate USD Reserve totaled $4.83 billion as of Oct. 25 and is intended to support preferred-stock dividends and interest payments on debt. Strategy can also use USD Cash for Bitcoin purchases or broader capital-management needs.

Strategy held 848,517 BTC as of Oct. 25, unchanged from the prior week. It acquired the bitcoin for $64.02 billion, at an average $75,446 each, including fees and expenses. The company made no sales through its at-the-market offering program during the period.

During Oct. 12–18, the company added 267 BTC at a cost of $22.1 million and bought back 1,938,780 STRC shares for $193.1 million.