TLDR
Strategy stock declined Monday as the company paused Bitcoin purchases during the previous week.
Strategy repurchased 2,068,459 STRC preferred shares for $204.9 million using cash.
The company maintained 848,517 BTC, acquired for $64.02 billion at an average of $75,446.
Strategy reported $4.83 billion in dollar reserves and $242.4 million in additional cash.
Bitcoin traded near $80,000 ahead of the Federal Reserve’s October 28 interest rate decision.
Strategy stock fell Monday after the Bitcoin treasury company skipped coin purchases and repurchased preferred shares. Strategy Inc. ( NASDAQ: MSTR ) disclosed the transactions in an October 26 filing with the U.S. Securities and Exchange Commission.
Strategy Inc, MSTR
From October 19 through October 25, Strategy bought or sold no Bitcoin. It sold no shares through its at-the-market program.
Strategy Spends $204.9 Million on STRC Shares
Strategy repurchased 2,068,459 STRC preferred shares for $204.9 million. The company funded the buyback with cash, not new share sales. STRC stands for Variable Rate Series A Perpetual Stretch Preferred Stock.
It has $956.8 million left for preferred-share repurchases and $1 billion for common shares. Strategy bought back no common shares last week. It reported no STRF, STRK or STRD buybacks during the period.
Bitcoin Holdings Remain Unchanged
Strategy held 848,517 Bitcoin on October 25 after spending $64.02 billion. Its average purchase price was $75,446 per coin, including related fees.
A separate report on Bitcoin exchange inflows showed Binance’s 30-day average whale inflows falling from $5.9 billion to $3.8 billion. Retail inflows also rose. Those figures concern the wider Bitcoin market, not Strategy’s trades.
Strategy’s $4.83 billion reserve supports preferred dividends and debt interest. The company held another $242.4 million for treasury operations. It financed the STRC buyback from that cash.
Strategy Stock Falls With Bitcoin Near $80,000
Strategy stock traded around $142 at midday Monday, below Friday’s $146.01 close. The shares often follow Bitcoin because cryptocurrency holdings dominate Strategy’s assets.
Bitcoin traded near $80,000 after slipping below that level over the weekend. A Bitcoin price outlook identified resistance near $82,000 and downside pressure below $79,000. These remain analyst scenarios.
The filing gave no date for Strategy’s next Bitcoin purchase. It detailed weekly activity without announcing any change to the company’s broader treasury policy.
Markets Await Federal Reserve Decision
The Federal Reserve announces its next rate decision Wednesday, October 28. A Reuters poll of 100 economists expects unchanged rates this month and another increase in December.
A weekly crypto market calendar lists the Fed meeting alongside inflation data and economic growth figures. Traders will follow those releases for changes in borrowing costs and risk appetite.
Strategy plans to report quarterly earnings on October 29. Its latest update gives no timeline for fresh Bitcoin purchases. Monday’s filing instead records the preferred-share buyback and unchanged Bitcoin reserves.
The post Strategy Skips Bitcoin Buys as MSTR Faces Fresh Pressure appeared first on Blockonomi .
