Strategy skips bitcoin for a week and buys back $205M of its own stock
From 19 to 25 October Strategy did not buy or sell any bitcoin and spent $204.9 million buying back its STRC preferred stock.
事件: 2026年10月26日
原始来源: 2026年10月26日
本站发布时间: 2026年10月26日 16:57 UTC
阅读: 2 分钟
发生了什么
On 26 October Strategy said in an SEC filing that it did not buy or sell any bitcoin from 19 to 25 October. Instead it repurchased 2.07 million shares of its STRC preferred stock for $204.9 million. It still holds 848,517 BTC at an average cost of about $75,446.
为什么和你有关
Strategy is the biggest corporate bitcoin buyer, and the market watches its purchases every week. A week without buying means one big source of demand went quiet. The STRC buyback is meant to support the price of that stock, which Strategy sells to raise money for bitcoin.
要核实和关注什么
Watch next Monday's filing to see if bitcoin buying returns. Keep an eye on the company's spare cash: it fell to $242.4 million after the buyback. This is not advice to buy or sell.
What happened. Strategy (formerly MicroStrategy) files a weekly update with the SEC. The update for 19-25 October says the company sold no shares through its at-the-market (ATM) programme, which sells stock at market prices in small batches, and did not buy or sell any bitcoin.
Where the money went. Strategy repurchased 2,068,459 shares of STRC (Stretch) for $204.9 million. STRC is a preferred stock with a variable dividend that the company sells to investors to fund bitcoin buys. When its price slips, buybacks help keep it near its face value.
What is left. The USD Reserve, kept for dividends and interest, stayed at $4.83 billion. Spare cash (USD Cash) dropped to $242.4 million. Cointelegraph reports it was $447.3 million a week earlier, a drop of about 46%. The buyback programmes still have $956.8 million available for preferred stock and $1.0 billion for MSTR common stock.
Context. According to Cointelegraph, since the start of October Strategy has spent about $664 million on STRC buybacks and about $72.3 million on bitcoin. Bitcoin rose to $84,777 last week and then slipped back towards $80,000.
On the same day Bitmine, the biggest corporate holder of ether, also put the spotlight on buying back its own shares. Big crypto treasury companies seem to be spending on their own stock, not only on coins. BTC price on Freekonomist: https://freekonomist.com/en/crypto/btc/.
已确认的事实
- From 19 to 25 October 2026 Strategy sold no shares through its ATM programme and did not buy or sell any bitcoin.[1][2]
- As of 25 October Strategy holds about 848,517 BTC bought for $64.02 billion, an average of about $75,446 per coin.[1][2]
- During the week Strategy repurchased 2,068,459 STRC shares for $204.9 million.[1][2]
- The USD Reserve stood at $4.83 billion and USD Cash at $242.4 million.[1][2]
- $956.8 million remains under the preferred stock buyback programme and $1.0 billion under the MSTR buyback programme.[1]
- Since October began Strategy has spent about $664 million on STRC buybacks and $72.3 million on 851 BTC.[2]
影响
- 已确认Strategy added no bitcoin demand this week.
- 我们的解读For now the company puts supporting the STRC price ahead of new bitcoin buys.
- 我们的解读If STRC steadies, it gets easier for the company to raise money for bitcoin again.
仍未知
- When Strategy will resume bitcoin buying.
- Whether it will keep buying back STRC this week.
- Why the company sold no stock through the ATM.
影响到谁
United States, Global. People who hold bitcoin or MSTR stock and watch the big buyers
来源
封面：Freekonomist 图示，象征性图片，不是事件现场照片。 这是新闻解读，不构成投资建议。
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