Strategy Pauses Bitcoin Purchases as Strive Buys Another US$511M

Saylor’s Strategy has hit the pause button again on its Bitcoin purchases while Strive loaded up on half a billion US dollars’ worth of BTC (around AU$713 million). Here’s the latest on the crypto treasury front. Strategy confirmed that it repurchased 2,068,459 STRC preferred shares for US$204.9 million (AU$292.1 million) during 19–25 October, while buying no Bitcoin. The funds came from its available US dollar cash, rather than its separate dividend reserve. Saylor’s firm now holds 848,517 Bitcoin worth almost US$68 billion (AU$96.9 billion) at today’s prices and US$5.1 billion (AU$7.27 billion) in cash and reserves.

Source: Crypto News Australia