Strategy pauses Bitcoin purchases, deploys $205 million on STRC buybacks
Strategy leaves its Bitcoin position unchanged last week as it shifts capital toward repurchasing preferred shares. The company spends $204.9 million on STRC buybacks, reducing its cash balance while keeping its crypto holdings at 848,517 BTC.
Highlights
- Strategy halts Bitcoin purchases and spends $204.9 million to repurchase 2.07 million STRC preferred shares between Monday and Friday.
- Company’s Bitcoin holdings remain at 848,517 BTC ($64.02 billion cost basis, $75,446 average price per coin) as Bitcoin trades at about $79,992 per coin.
- Since October, Strategy allocates $664 million toward STRC buybacks versus $72.3 million for 851 BTC purchases, while MSTR stock falls 2.2% to $142.80 in premarket.
Capital allocation shifts to preferred stock repurchases
According to Cointelegraph, in a Monday filing with the U.S. Securities and Exchange Commission, Strategy says it repurchases 2.07 million STRC preferred shares between Monday and Friday, while making no Bitcoin transactions and no stock sales through its at-the-market offering program.The company says its Bitcoin holdings remain at 848,517 BTC, acquired for $64.02 billion at an average purchase price of $75,446 per coin. At Monday's U.S. equities open, Bitcoin trades at about $79,992 per coin.
Strategy's U.S. dollar reserve remains unchanged from the prior week at $4.83 billion. Its USD cash balance falls about 46% to $242.4 million from $447.3 million after management uses $204.9 million for STRC share repurchases.
Market pressure shapes treasury activity
Since the start of October, Strategy spends about $664 million on STRC preferred share buybacks, compared with $72.3 million used to buy 851 BTC. The latest pause in Bitcoin buying comes as the cryptocurrency falls toward $80,000 last week after reaching $84,777 on Wednesday, according to CoinGecko.In premarket trading on Monday, Strategy's common stock, MSTR, falls 2.2% to $142.80, while STRC preferred shares edge down 0.01% to $99.35, according to Yahoo Finance. The move suggests the company is prioritizing balance sheet and capital structure management over expanding its Bitcoin treasury during the recent pullback.
Our earlier coverage of Equites Property Fund’s UK exit strategy explained how the REIT boosted its interim distribution after selling down UK assets and redirecting capital to South Africa. We noted that proceeds from the Aviva portfolio disposal helped reduce leverage, strengthen liquidity, and fund domestic logistics growth while management reaffirmed its FY27 guidance.
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