Strategy Pauses Bitcoin Buys and Repurchases $205M of STRC Preferred Stock

In an October 26 Form 8-K , Strategy said it neither bought nor sold Bitcoin during the week ended October 25, leaving its holdings at 848,517 BTC, and sold no shares through its at-the-market programme. The filing also said Strategy used cash to spend $204.9 million repurchasing 2,068,459 shares of its Variable Rate Series A Perpetual Stretch Preferred Stock, which trades under the ticker STRC. The pause ended a five-week run of Bitcoin acquisitions, according to The Block . Strategy’s Bitcoin holdings were acquired for $64.02 billion at an average cost of about $75,446 per bitcoin, according to the filing.

Source: Crypto Daily