On October 26, Strategy (formerly MicroStrategy) disclosed that it neither bought nor sold Bitcoin during the week of October 19–25. This was the first full week it had paused purchases since resuming weekly Bitcoin buys in mid-September. It also did not raise funds by issuing common shares through its ATM program. Instead, it used cash to buy back its own preferred shares—repurchasing 2.068459 million shares of its variable-rate preferred stock, STRC, for about $204.9 million, more than in the previous few weeks.

As of October 25, Strategy still held 848,517 $BTC , acquired at a total cost of about $64.02 billion, or an average price of about $75,446 per coin. Its U.S. dollar cash for day-to-day operations fell to about $242.4 million from roughly $447.3 million a week earlier. Its separate U.S. dollar reserve for covering preferred stock dividends and debt interest remained at about $4.83 billion. About $957 million remained available under its preferred stock buyback authorization. The company said the buyback was funded entirely from its day-to-day cash pool, not from that reserve.

During the same period, another publicly traded company, Strive, added 6,182 bitcoins at a cost of about $511.4 million, bringing its holdings to roughly 43,000 coins. One company paused purchases to buy back preferred shares, while another kept accumulating Bitcoin—the moves in corporate Bitcoin treasuries were pulling in completely opposite directions this week. Binance spot $BTC continued to fluctuate around $80,000. Don’t treat corporate moves as trading signals, and don’t go all in on your position.

#BTC #Strategy #行情 This is not investment advice.