Strategy (MSTR) Stock Slips as Bitcoin Buying Pauses and STRC Buybacks Take Over
Photo: CoinCentral
TLDR Strategy (MSTR) stock traded at $142.80 in Monday premarket, down 2%, after a 7% drop last week to $146.02. The company bought no Bitcoin from Oct. 19 to Oct. 25, ending a five-week buying streak. Holdings remain at 848,517 BTC, bought at an average price of $75,446 per coin. Strategy spent $204.9 million buying back 2.07 million STRC preferred stock, cutting its USD Cash balance by 46% to $242.4 million. MSCI’s new rules for “non-operating” companies could lead to MSTR being dropped from its indexes. Strategy (MSTR) stock traded at $142.80 in Monday premarket, down 2%.
Also reported by The Currency Analytics.
Source: CoinCentral
