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MicroStrategy STRC stories

Oct 26, 2026

Strategy pauses bitcoin purchases, spends $205 million on STRC buybacks

Strategy did not buy or sell any bitcoin during the week of October 19-25, ending a five-week acquisition streak. Instead, the company repurchased $204.9 million of STRC preferred shares, reducing USD cash by 46%.

Oct 26, 2026·5 sources
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Top claims

  • ▪Retiring STRC preferred stock below its $100 face value reduces STRC's preferred claim by an amount larger than the cash spent, lifting net Bitcoin per share
  • ▪Strategy's general-purpose USD Cash balance dropped by roughly 46% to $242.4 million following its latest STRC preferred share repurchases
  • ▪MSCI plans to publish on November 11, 2026, the list of digital-asset treasury companies affected by its new index exclusion rules

People involved

Phong LeMichael Saylor

Subtopics

Bitcoin1Bitcoin treasury companies1Crypto investments1MSCI non-operating company index rules1

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