Strategy pauses Bitcoin buying, spends $205 million on preferred stock buyback
Strategy acquired no Bitcoin between October 19 and October 25, 2026, leaving its reserve at 848,517 BTC while directing $204.9 million into repurchasing STRC preferred shares.
Strategy paused its weekly Bitcoin purchases between October 19 and October 25, 2026, making no cryptocurrency acquisitions or sales and conducting no at-the-market stock sales during the period. The pause left the company's total treasury unchanged at 848,517 BTC. Observers characterized the preceding pace differently: Crypto Banter reported the halt broke a five-week buying streak following a 267 BTC buy the previous week, while Solid Intel described the pause as following two consecutive weeks of purchases.[2][7][8][10]
Instead of buying digital assets, Strategy deployed capital into its own equity. According to a company filing, the firm spent $204.9 million to repurchase 2,068,459 shares of its STRC Variable Rate Series A Perpetual Stretch Preferred Stock using USD cash. The buyback marked the firm's largest weekly STRC repurchase in over a month, reducing its USD cash balance by 46% to $242.4 million. As of the filing, Strategy maintained $956.8 million in authorized capacity under its preferred stock repurchase program and $1.0 billion under its MSTR common stock repurchase program.[2][5][6][9]
Strategy's accumulated stash of 848,517 BTC represents approximately 4% of Bitcoin's total supply cap and was acquired for roughly $64.02 billion at an average price of $75,446 per token. Valued at roughly $68 billion at the time of the reports, the stockpile held around $3.9 billion in unrealized paper gains alongside a reported $4.83 billion USD reserve.[2][3][4][10]
Key facts
- Strategy made no Bitcoin purchases or sales between October 19 and October 25, 2026, leaving its holdings at 848,517 BTC.
- Strategy spent $204.9 million to repurchase 2,068,459 STRC preferred shares during the week.
- The preferred share buyback was funded with cash, reducing Strategy's USD cash balance by 46% to $242.4 million.
- Strategy retained $956.8 million under its digital credit securities repurchase program and $1.0 billion under its MSTR repurchase program.
- Strategy's 848,517 BTC were purchased for about $64.02 billion at an average price of $75,446 each, accounting for roughly 4% of Bitcoin's total supply cap.
- Outlets differed on the streak's duration: Crypto Banter cited a five-week buying run, while Solid Intel reported two consecutive buying weeks before the pause.
Sources · 10 sources
- CO
Cointelegraph@CointelegraphPost on X ·
⚡️ JUST IN: Saylor’s Strategy pauses Bitcoin purchases, leaving its holdings unchanged at 848,517 $BTC. https://t.co/0jcxFWqPM1
Open source - WB
Wu Blockchain@WuBlockchainPost on X ·
Strategy Buys No Bitcoin for the Week, Spends $205M on STRC Buybacks Strategy said it made no Bitcoin purchases or sales and conducted no ATM stock sales between October 19 and 25, while spending about $204.9 million to repurchase 2.07 million STRC preferred shares. The company continues to hold 848,517 BTC acquired for about $64.02 billion at an average price of $75,446, alongside a $4.83 billion USD Reserve and roughly $242 million in additional cash.
Open source - TB
The BlockArticle ·
Strategy pauses bitcoin buys, repurchases $205 million of STRC preferred shares Strategy's bitcoin holdings account for roughly 4% of the total supply cap, with $3.9 billion in paper gains.
Open source - CB
Crypto Briefing@Crypto_BriefingPost on X ·
🔥NEW: Strategy bought back $205 million in STRC preferred shares and made no Bitcoin trades last week. It still holds 848,517 bitcoin:native worth about $68 billion. https://t.co/AiBJTWrAGs
Open source - TB
The Block@TheBlockCoPost on X ·
THE BLOCK: Strategy $MSTR paused its weekly bitcoin bitcoin:native purchases, leaving its holdings unchanged at 848,517 BTC, according to an SEC filing. The company instead spent $204.9 million repurchasing approximately 2.07 million $STRC preferred shares, using its USD Cash balance.
Open source - DE
DecryptArticle ·
Strategy Pauses Bitcoin Buying, Spends $205M Buying Back STRC The Bitcoin treasury firm's USD Cash balance fell to $242.4 million after its biggest weekly STRC buyback in more than a month.
Open source - CB
Crypto Banter@crypto_banterPost on X ·
🚨STRATEGY BOUGHT ZERO BITCOIN LAST WEEK! Strategy acquired no bitcoin:native between October 19-25, 2026, breaking a five-week buying streak. Holdings stay at 848,517 bitcoin:native after its last purchase of 267 bitcoin:native the prior week.
Open source - SI
Solid Intel 📡@solidintel_xPost on X ·
INTEL: Saylor's Strategy pauses Bitcoin purchases after two consecutive weeks of buying, leaving its holdings unchanged at 848,517 bitcoin:native https://t.co/KPkASoVYN1
Open source - CT
Coin TelegraphArticle ·
Strategy skips Bitcoin purchases, spends $205M on STRC buybacks Strategy made no Bitcoin purchases or sales last week, as its STRC preferred stock buybacks reduced its USD Cash balance by 46% to $242.4 million.
Open source - *B
*Walter Bloomberg@DeItaonePost on X ·
$MSTR - STRATEGY PAUSES BITCOIN PURCHASES, REPURCHASES $205M IN PREFERRED STOCK Strategy reported no Bitcoin purchases or sales during October 19–25. The company continues to hold 848,517 BTC, acquired for $64.02B at an average price of $75,446 per Bitcoin. Instead, Strategy repurchased $204.9M of STRC preferred stock, while maintaining a $4.83B cash reserve.
Open source