Strategy Skips Bitcoin Buys as MSTR Faces Fresh Pressure

TLDR Strategy stock declined Monday as the company paused Bitcoin purchases during the previous week. Strategy repurchased 2,068,459 STRC preferred shares for $204.9 million using cash. The company maintained 848,517 BTC, acquired for $64.02 billion at an average of $75,446. Strategy reported $4.83 billion in dollar reserves and $242.4 million in additional cash. Bitcoin traded near $80,000 ahead of the Federal Reserve’s October 28 interest rate decision. Strategy stock fell Monday after the Bitcoin treasury company skipped coin purchases and repurchased preferred shares. Strategy Inc. ( NASDAQ: MSTR ) disclosed the transactions in an October 26 filing with the U.S.