Best of Bitcoin
← All news
Treasury · 7 sources · 3h ago

Strategy (MSTR) Pauses Bitcoin Buying and Spends $205 Million on Preferred Stock

ShareLink copied

Summary

Compiled by Best of Bitcoin from 7 sources

Strategy skipped bitcoin buys for the week of October 19–25 and spent $204.9 million buying back its STRC preferred stock. Strategy's bitcoin holdings account for roughly 4% of the total supply cap, with $3.9 billion in paper gains.

Key takeaways

  • Strategy (MSTR), Strive (ASST) must balance bitcoin (BTC) purchases, preferred stock dividends
  • Strategy pauses bitcoin buys, repurchases $205 million of STRC preferred shares
  • Strategy Pauses Bitcoin Buying, Spends $205M Buying Back STRC
  • Strategy skips Bitcoin purchases, spends $205M on STRC buybacks
  • Strategy Pauses Bitcoin Purchases, Buybacks $205M in STRC Preferred Stock

This is a summary of headlines and excerpts published by the outlets listed. Read the original coverage for full details.

Keep reading

Next story

Bitcoin’s Bear Market Is Over, Galaxy Says

Market · 2h ago
Next story →
All news →
Sources (7)
The Daily Stack

Get the top Bitcoin news in your inbox

The Daily Stack: the essential daily digest for Bitcoiners. Free, every weekday morning.