Key facts
- Strategy paused Bitcoin purchases for the first time since mid-September.
- Company spent $204.9 million on STRC preferred stock buybacks.
- Strategy holds 848,517 BTC.
- USD Cash balance decreased to $242.4 million.
- MSCI rule change could lead to Strategy's exclusion from indexes starting November 30.
Strategy has halted its Bitcoin purchases for the first time since mid-September, opting instead to spend $204.9 million on repurchasing its STRC preferred stock. The company's USD Cash balance has fallen to $242.4 million from $447.3 million a week prior. Strategy continues to hold 848,517 BTC, acquired at an average price of $75,446 per coin. This pause in Bitcoin acquisition occurs as Strategy faces potential exclusion from MSCI's Global Investable Market Indexes due to a new rule classifying companies with balance sheets dominated by a single asset as ineligible.