Strategy (MSTR) Pauses Bitcoin Buying and Spends $205 Million on Preferred Stock

MicroStrategy (MSTR), a prominent institutional holder of Bitcoin, temporarily halted its routine Bitcoin acquisitions during the week of October 19–25. Instead of purchasing Bitcoin, the company allocated approximately $204.9 million towards buying back its STRC preferred stock. This strategic decision indicates a temporary reallocation of capital, diverting funds from direct Bitcoin investment to strengthening their equity structure through stock repurchases.