{
  "id": 16608593,
  "title": "Strategy skips Bitcoin purchases, spends $205M on STRC buybacks",
  "url": "https://urgent.news/2026/10/26/strategy-skips-bitcoin-purchases-spends-205m-on-strc-buybacks",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-26T13:27:38.000Z",
  "source": {
    "name": "Cointelegraph",
    "slug": "cointelegraph",
    "url": "https://cointelegraph.com/news/strategy-skips-btc-buy-205-million-strc-buyback"
  },
  "original_language": "en",
  "account": "Last week, Strategy's focus remained on Strategic Capital (STRC) preferred stock buybacks, as it refrained from purchasing or selling Bitcoin altogether. The company spent $204.9 million on STRC preferred stock buybacks, resulting in a 46% reduction of its USD Cash balance from $447.3 million to $242.4 million. Michael Saylor's Strategy aimed to keep its Bitcoin holdings at 848,517 BTC, acquired for $64.02 billion at an average price of $75,446 per coin. At the opening of US equities on Monday, Bitcoin was trading at approximately $79,992 each. Strategy's US dollar reserve remained steady at $4.83 billion. Over the past month, the company has allocated around $664 million towards repurchasing STRC preferred shares, compared to $72.3 million spent on acquiring 851 BTC. The decision to limit Bitcoin transactions came as the cryptocurrency fell toward the $80,000 mark last week, following its peak of $84,777 on Wednesday, as reported by CoinGecko. In Monday's premarket trading, Strategy's common stock (MSTR) declined by 2.2% to $142.80, while its STRC preferred shares decreased marginally by 0.01% to $99.35.",
  "summary": "Strategy made no Bitcoin purchases or sales last week, as its STRC preferred stock buybacks reduced its USD Cash balance by 46% to $242.4 million.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}