Strategy Pauses Bitcoin Buying, Spends $139M Buying Back Its Own Shares

Strategy bought back $139M of preferred stock and held its Bitcoin unchanged for a second week at 845,050 coins.

Strategy, the company famous for hoarding Bitcoin, hit pause on new coin purchases for a second week in a row — and instead spent $139.3 million buying back some of its own shares.

According to an official filing with the SEC (the U.S. government agency that regulates financial markets), Strategy repurchased over 1.4 million shares of a special type of stock called STRC preferred stock in the week ending September 13.

*Preferred stock* is a special kind of company share that usually pays fixed regular payments (called dividends) and gets priority over regular stock. Buying it back means the company is spending cash to reduce how many of these shares are floating around.

Key facts at a glance:

Bought back 1,420,467 STRC shares for $139.3 million
Bought zero new Bitcoin — holdings frozen at 845,050 BTC
That Bitcoin cost $63.73 billion, an average of $75,412 per coin
About $1.05 billion still available for more preferred-share buybacks
A separate $1 billion set aside for buying back regular company stock (MSTR) remains untouched

Every dollar for the buyback came from Strategy's USD Cash — its pool of ready money used for purchases, dividends, and Bitcoin buys. That cash reserve dropped from $1.44 billion to $1.30 billion, matching almost exactly the amount spent.

Why the caution? Strategy is waiting on a big decision. A company called MSCI, which builds widely-followed stock market indexes (baskets of stocks that huge investment funds automatically track), is considering a rule that could remove "non-operating companies" like Strategy from its lists. A decision is due October 16 — and it could shift billions of dollars in automatic fund investments tied to Strategy.

The bottom line: Strategy looks financially healthy on paper, with a long runway before its Bitcoin bet needs to pay off. But the pause in buying signals the company is playing it safe while awaiting news that could reshape its investor base.

This is an AI-generated summary. Read the original article at: https://decrypt.co/378134/strategy-buys-139-million-strc-bitcoin-frozen