Strategy Skips Bitcoin Buys, Spends $205M Repurchasing STRC Preferred Stock
Strategy (MSTR) did not buy any bitcoin in the week of October 19 to 25. Instead, it spent $204.9 million buying back its STRC preferred stock. For traders, a pause in a company's bitcoin buying can mean less steady demand for the asset.
Why it matters
- Strategy made no bitcoin purchases during the October 19 to 25 week.
- The company used about $204.9 million to buy back its STRC preferred stock.
- Fewer regular buy orders from a known buyer can weigh on sentiment.
What to watch next
Watch whether Strategy resumes bitcoin purchases in its next weekly update.
