Strategy Hasn't Purchased Bitcoin in Five Weeks
Strategy (NASDAQ:MSTR) has not bought any Bitcoin for five consecutive weeks—the longest pause since early 2024. Instead of acquiring more BTC, the company spent $25 million repurchasing its preferred stock (STRC), which trades below its stated value and pays a high dividend. The move is part of a broader strategy to reduce future obligations by retiring shares at a discount. The firm also increased its dollar reserve by $525 million through common stock sales, bringing the total cash cushion to $3.75 billion—enough for about 25 months of preferred dividends. Notably, Strategy now says it may sell MSTR or Bitcoin in future buybacks if needed, a reversal from its long-held 'never-sell' stance on BTC. The company's current Bitcoin holdings remain unchanged at 843,775 coins, which were originally purchased for $63.68 billion and are now valued at around $53.9 billion—a loss of nearly $10 billion.
Tickers: $MSTR
Topics: Bitcoin corporate strategy MSTR stock buyback