Update
Strategy Prioritizes Preferred-Stock Buybacks
Bitcoin treasury firm Strategy made a record $204.9 million in preferred stock buybacks during Oct. 19–25, spending more than $2 billion since July. In contrast, Strategy's Bitcoin buying streak ended after five consecutive weeks, with no Bitcoin purchases between Oct. 19 and Oct. 25. Instead, the company accelerated its Bitcoin accumulation, bringing its holdings to 43,000 BTC, purchased for approximately $511.4 million. Bitcoin analyst Ragnar estimated that Strategy accounted for 28% of STRC trading volume in the latest week, showing how much the company's own purchases have contributed to demand for the security.