Bitcoin● Neutral

Strategy Restarts Bitcoin Buying With $66M Buy, Lowers Its Cash Pile

TradingGain Newsroom·1h ago·02 Nov 2026, 13:19 UTC

Strategy, a firm that holds Bitcoin as a treasury asset, has started buying Bitcoin again with a $66 million purchase. At the same time, it spent $208.2 million buying back its STRC preferred stock, which lowered its USD cash balance to $132.7 million. Traders may read the buy as support for Bitcoin, while the lower cash level shows how the firm is using its funds.

BTCAt the time of writing, Bitcoin traded at $77,679 (-0.34% in 24h).Live price →

Why it matters

Renewed buying by a large Bitcoin holder can signal demand returning to the market.
The firm spent $208.2 million on preferred stock buybacks, a large use of funds.
Its USD cash balance dropped to $132.7 million, a point traders may track for future moves.

What to watch next

Watch whether Strategy keeps buying Bitcoin or pauses again, and how its cash balance changes in its next update.

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This brief is written by TradingGain from public reporting by Decrypt.Read original ↗

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TradingGain News summarises public reports in our own words and always links to the original source. Market Data stories are generated automatically from public exchange data. Nothing on this page is financial advice; always do your own research and use a stop-loss.