Strategy Pauses Bitcoin Buying, Spends $205M Buying Back STRC

The Bitcoin treasury firm's USD Cash balance fell to $242.4 million after its biggest weekly STRC buyback in more than a month. Strategy made no Bitcoin purchases or sales last week, as its STRC preferred stock buybacks reduced its USD Cash balance by 46% to $242.4 million.

Key takeaways

• Strategy skips Bitcoin purchases, spends $205M on STRC buybacks
• Strategy Pauses Bitcoin Purchases, Buybacks $205M in STRC Preferred Stock
• Strategy Capital Allocates $205M to STRC Buybacks, Pauses Bitcoin Activity
• Michael Saylor’s Strategy pauses Bitcoin purchases after two consecutive weeks of buying.
• The company repurchased $205 million in STRC preferred shares in the latest trade.

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