Strategy Pauses Bitcoin Purchases as STRC Buybacks Hit $205M

Strategy repurchased $204.9 million of its STRC preferred stock while making no Bitcoin purchases or sales during the week ended Oct. 25, according to a filing with the U.S. Securities and Exchange Commission cited by CryptoNews. The company bought back 2,068,459 STRC shares without selling shares through its at-the-market offering program.

Preferred Stock and Cash Levels

The latest STRC purchases averaged approximately $99.06 per share, funded from the company's USD Cash balance. Following the transactions, Strategy’s preferred-stock repurchase capacity stood at $956.8 million, while its USD Cash balance fell from $447.3 million to $242.4 million. The company's designated reserve remained separate at $4.83 billion.

Executive chairman Michael Saylor announced the rounded $205 million figure on X, noting that Strategy held $5.1 billion in USD assets as of Oct. 25. Management previously tied repurchases to STRC's trading price below its $100 stated amount to reduce future preferred dividend requirements.

Bitcoin Holdings Remain Unchanged

Strategy’s Bitcoin holdings remained at 848,517 BTC with an aggregate purchase cost of $64.02 billion, including fees. Across the three preceding reporting periods, STRC repurchases totaled $590.4 million, outpacing the $43.6 million spent acquiring 517 Bitcoin.

On Oct. 19, Strategy raised its digital credit securities repurchase authorization from $2 billion to $3 billion, while its MSTR common-stock buyback program retained its full $1 billion capacity.

Key facts

• Strategy repurchased $204.9 million of STRC preferred stock during the week ended Oct. 25.
• Bitcoin holdings remained unchanged at 848,517 BTC with an aggregate purchase cost of $64.02 billion.
• USD Cash fell to $242.4 million, separate from the company’s $4.83 billion designated reserve.
• Preferred-stock repurchase capacity stood at $956.8 million following the transactions.