Strategy pauses Bitcoin buys as STRC buybacks cut its cash pile by 46%
Strategy made no Bitcoin purchases or sales last week. Its buybacks of STRC preferred stock, about $205 million, lowered its USD Cash balance by 46% to $242.4 million. Traders may watch this closely because it shows where the firm is putting its money.
Why it matters
- Strategy did not buy or sell Bitcoin last week, so there was no direct buying pressure from it.
- About $205 million went to buying back STRC preferred stock instead.
- Its USD Cash balance fell 46% to $242.4 million, a sharp drop in its cash reserves.
What to watch next
Watch whether Strategy resumes Bitcoin purchases in coming weeks and whether its USD Cash balance keeps falling.
