Strategy Pauses Bitcoin Transactions, Buys Back $205M in STRC

Strategy reported no Bitcoin transactions from October 19 through 25, while spending $204.9 million to repurchase its STRC preferred shares, according to an October 26 filing with the U.S. Securities and Exchange Commission. The company’s Bitcoin holdings remained unchanged at 848,517 BTC. The filing said Strategy repurchased 2,068,459 STRC shares during the week. It also reported no sales of common stock through its at-the-market offering program over the same period. The transactions marked a pause in its weekly Bitcoin purchases, which had resumed in mid-September, while the company directed cash to the preferred-stock buyback. Strategy said its USD Cash balance declined to $242.4 million from $447.3 million the previous week. Its separate USD Reserve remained at $4.83 billion. The company reported that $956.8 million remained available under its preferred-stock repurchase program, alongside $1 billion authorized for common-stock repurchases. The company’s filing put the acquisition cost of its 848,517 BTC at $64.02 billion, or an average of $75,446 per bitcoin. The reported holdings and acquisition figures were unchanged during the week covered by the filing. Strategy did...