Strategy (MSTR) Stock Slips as Bitcoin Buying Pauses and STRC Buybacks Take Over

TLDR Strategy (MSTR) stock traded at $142.80 in Monday premarket, down 2%, after a 7% drop last week to $146.02. The company bought no Bitcoin from Oct. 19 to Oct. 25, ending a five-week buying streak. Holdings remain at 848,517 BTC, bought at an average price of $75,446 per coin. Strategy spent $204.9 million buying back 2.07 million STRC preferred stock, cutting its USD Cash balance by 46% to $242.4 million. MSCI’s new rules for “non-operating” companies could lead to MSTR being dropped from its indexes. Strategy (MSTR) stock traded at $142.80 in Monday premarket, down 2%. That follows a Friday close of $146.02. Strategy Inc, MSTR The stock fell 7% last week. Bitcoin slipped 1.1% over the same stretch. Strategy did not buy or sell any Bitcoin between Oct.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to CoinCentral.