Funding
Strategy Suspends Bitcoin Purchases to Buy Back Preferred Shares
Bitcoin’s price is stuck near $80,000 as Strategy, a Bitcoin treasury company, has suspended its Bitcoin purchases for the week of October 19 to 25. Instead, the company has spent $204.9 million on buying back its preferred shares (STRC). This decision has raised questions about the company's near-term buying plans and added to concerns about the crypto's future.