Update
Strategy Pauses Bitcoin Buying, Spends $205M on STRC
The Bitcoin treasury firm, Strategy, has paused Bitcoin purchases after spending $204.9 million buying back its STRC preferred stock. This is the largest STRC buyback in over a month. The firm also sold no shares through its at-the-market offering program between October 19 and 25. Strategy now holds 848,517 BTC, acquired for a total of $64.02 billion at an average of $75,446 per coin. The pause follows a string of smaller Bitcoin purchases, with the latest buyback covering 2,068,459 shares, up from previous weeks. The USD Cash balance fell to $242.4 million, down from $447.3 million a week earlier, and the USD Reserve held steady at $4.83 billion.