No New Bitcoin Purchase From Strategy, but STRC Buybacks Roll On

While Matt Cole’s Strive just executed its single-largest bitcoin purchase to date, Michael Saylor’s Strategy has remained on the sidelines. Instead, the NASDAQ-listed business intelligence software firm has doubled down on its STRC repurchasing efforts, as the stock’s price tumbled once again last week. Strategy resumed its BTC purchases in mid-September, buying over $140 million worth of the crypto asset during the week that ended on September 27. However, there was an evident slowdown in the following three weeks, as the bitcoin buys fell to under $30 million each.