Strategy pauses Bitcoin buys, spends $205 million on STRC
Strategy bought no Bitcoin last week and spent $204.9 million repurchasing 2.07 million STRC preferred shares, according to a Monday SEC filing.
Strategy reported no Bitcoin transactions and no sales of common stock through its at-the-market offering program from Monday through Friday, according to a filing with the US Securities and Exchange Commission.
The company’s Bitcoin holdings remained at 848,517 BTC. Strategy acquired the holdings for $64.02 billion, at an average price of $75,446 per coin.
Bitcoin traded at about $79,992 at the US equities open on Monday. It reached $84,777 on Wednesday before falling toward $80,000 by the end of the week.
Strategy’s US dollar reserve remained at $4.83 billion, unchanged from the previous week. Its US cash balance fell to $242.4 million from $447.3 million after the company spent $204.9 million on STRC repurchases.
Since the start of October, Strategy has spent about $664 million repurchasing STRC preferred shares, compared with $72.3 million buying 851 Bitcoin.
Strategy’s common stock, traded under the MSTR ticker, fell 2.2% to $142.80 in Monday premarket trading. STRC shares declined 0.01% to $99.35.
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