Strategy pauses Bitcoin purchases, spends $205M buying back STRC preferred stock

Strategy halted Bitcoin purchases last week for the first time since mid-September, spending $204.9 million to buy back 2,068,459 shares of its variable-rate preferred stock STRC instead. The company's Bitcoin holdings remain at 848,517 BTC, while its USD Cash balance fell to $242.4 million from $447.3 million. The buyback was the largest weekly transaction since September, leaving $956.8 million remaining under its $3 billion preferred stock repurchase program.