#StrategySkipsBitcoinPurchasesSpends$205MOnSTRCBuybacks
đš Strategy Spends $204.9M Last WeekâAnd Not Even $1 Went Into Bitcoin! đ±
$ZEC
đ According to the Oct 26 SEC filing, Strategy completely paused its Bitcoin purchases for the first time since mid-September, opting instead to buy back 2,068,459 STRC preferred shares for $204.9M using USD cash. đđȘ
$BANK
đž USD cash dropped by 46% (from $447.3M down to $242.4M) in just one week, while their separate $4.83B USD Reserve dedicated to dividends and interest remained completely untouched. đŠâĄ
đ Since October 1, the company has heavily pivoted, pumping roughly $664M into STRC buybacks compared to just $72.3M spent on 851 BTC. đđŒ
$XRP
â ïž Strategy currently holds 848,517 BTC at an average cost of $75,446, and with Bitcoin trading near $79,870, their profit cushion is sitting tight at around 5.9%. đđ
What do you think is driving this sudden shift away from accumulating Bitcoin? Let us know your thoughts below! đđŹ
#EthereumDropsBelow$2300 #BitmineAdds10452ETH #OCCUrgesCommunityBanksToEnterStablecoinPayments
đš Strategy Spends $204.9M Last WeekâAnd Not Even $1 Went Into Bitcoin! đ±
$ZEC
đ According to the Oct 26 SEC filing, Strategy completely paused its Bitcoin purchases for the first time since mid-September, opting instead to buy back 2,068,459 STRC preferred shares for $204.9M using USD cash. đđȘ
$BANK
đž USD cash dropped by 46% (from $447.3M down to $242.4M) in just one week, while their separate $4.83B USD Reserve dedicated to dividends and interest remained completely untouched. đŠâĄ
đ Since October 1, the company has heavily pivoted, pumping roughly $664M into STRC buybacks compared to just $72.3M spent on 851 BTC. đđŒ
$XRP
â ïž Strategy currently holds 848,517 BTC at an average cost of $75,446, and with Bitcoin trading near $79,870, their profit cushion is sitting tight at around 5.9%. đđ
What do you think is driving this sudden shift away from accumulating Bitcoin? Let us know your thoughts below! đđŹ
#EthereumDropsBelow$2300 #BitmineAdds10452ETH #OCCUrgesCommunityBanksToEnterStablecoinPayments
