Strategy Pauses Bitcoin Purchases to Repurchase $205 Million in STRC Preferred Stock

Strategy paused its weekly Bitcoin purchases ahead of the upcoming Federal Reserve interest rate decision, shifting capital to repurchase more than 2 million shares of its STRC preferred stock for approximately $205 million. The buybacks followed a drop in STRC below its $100 par value to under $98 before recovering above $99. Despite the pause, Strategy remains the largest corporate Bitcoin holder with 848,517 BTC, acquired for approximately $64 billion and valued at about $68 billion. The company holds $5.1 billion in total USD assets, including a $4.8 billion USD Reserve.