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Strategy Slows Bitcoin Buys While Ramping Preferred‑Stock Repurchases

Shrinking USD Cash raises the prospect that Strategy will have less flexible funding for future Bitcoin purchases before an October 28 shareholder vote.

Overview

  • Strategy disclosed Monday that it bought 250 BTC in the week ended Oct. 11, lifting its holdings to 848,250 BTC.
  • The company spent about $192.4 million to repurchase roughly 1.93 million shares of its STRC preferred stock during the same reporting week.
  • Strategy funded the 250 BTC purchase mainly with $21 million of net proceeds from MSTR common‑share sales and $500,000 from its USD Cash balance.
  • After the transactions Strategy reported a USD Reserve of about $4.88 billion and roughly $640.5 million in USD Cash, a drop that reflects accelerating STRC buybacks and limits available unrestricted liquidity.
  • Investors will watch the Oct. 28 shareholder vote on preferred‑dividend timing and the Oct. 29 quarterly report for clues about whether Strategy will shift funding between further STRC repurchases and renewed Bitcoin accumulation.