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Bitcoin

Strategy makes record $205 million STRC buyback as Strive spends $511 million on Bitcoin

Image: CryptoSlate

Bitcoin treasury firms Strategy and Strive made record purchases last week, but directed their capital toward different assets. While Michael Saylor's Strategy intensified its preferred-stock buybacks, Strive accelerated its Bitcoin accumulation, highlighting diverging priorities in how the companies deploy capital. Strategy's Bitcoin buying streak ended after five consecutive weeks as the company stepped up efforts to support its STRC high-yield preferred stock . The Saylor-led firm acquired no Bitcoin between Oct. 19 and Oct. 25, its first weekly pause since mid-September. It also raised no fresh capital through its at-the-market equity program, leaving its holdings unchanged at 848,517 BTC, purchased for approximately $64.02 billion.

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