Strategy pauses Bitcoin buys as STRC repurchases reach $205 million

Strategy has repurchased $204.9 million of its STRC preferred stock while making no Bitcoin purchases or sales during the week ended Oct. 25, leaving its holdings at 848,517 BTC. Strategy bought back 2,068,459 STRC shares without selling shares through its at-the-market offering program. Bitcoin holdings remained unchanged, with an aggregate purchase cost of $64.02 billion, including fees. 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 latest transactions. Strategy disclosed the transactions in an Oct. 26 filing with the U.S. Securities and Exchange Commission.

Source: crypto.news