Bitcoin: Strategy Halts BTC Purchases to Prioritize Its Shares

Strategy bought no Bitcoin between October 19 and 25. A first pause after several weeks of accumulation. Michael Saylor’s company preferred to dedicate 204.9 million dollars to repurchasing its preferred STRC shares, according to its SEC filing on October 26. Its reserve remains unchanged at 848,517 BTC, while its available cash has dropped to 242.4 million dollars, compared to 447.3 million a week earlier. Strategy’s latest weekly report contrasts with previous ones. Between October 19 and 25, the company bought no Bitcoin. It did not sell any either and made no share issuances under its At-The-Market (ATM) sales program. A week earlier, Strategy had still purchased 267 bitcoins for $22.1 million . The company had also acquired 250 BTC the previous week, then 334 BTC at the beginning of October.

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