Strategy Inc（STRC）股票分析STRCStrategy Inc

Strategy paused BTC purchases and instead spent $205 million to repurchase STRC! What signal does this send? Strategy, which has consistently followed a "just keep buying Bitcoin" approach, has shown a notable change this time. According to the latest disclosure, from October 19 to 25, Strategy did not increase or sell BTC, but instead spent approximately $204.9 million to repurchase 2.068 million shares of STRC preferred stock. The company currently still holds 848,517 BTC. Why do this? I think the key is that Strategy not only needs to hold Bitcoin, but also needs to manage its own financing costs. STRC is a floating-rate dividend preferred stock. Repurchasing this type of stock has the potential to reduce future dividend expenses. But at the same time, that money can no longer be used to continue buying BTC. More noteworthy is that Strategy's ordinary cash balance has dropped to approximately $242.4 million, with an additional $4.83 billion in USD reserves, mainly used to support preferred stock dividends and debt interest. The purposes of these two pools of funds are not the same. So this does not necessarily mean Strategy is bearish on Bitcoin, but rather that it also needs to make choices between increasing BTC holdings and managing its financing structure. Next, I will focus on: when it resumes buying coins, how the cash balance changes, and whether it continues to repurchase preferred stock going forward. After all, for Strategy, long-term holding of BTC is important, but being able to obtain funding sustainably and reasonably is equally important. Do you think this move is optimizing the capital structure, or does it mean Strategy's short-term ability to buy coins is weakening? #BTC #strategy #strategy未购比特币斥资2.05亿美元回购strc

Strategy didn't buy a single Bitcoin last week. Where the money went: $205 million to repurchase its own STRC preferred shares, 2.068 million shares. STRC is a perpetual preferred stock it issued in July 2025, $100 par value, 11.5% annual yield. It had been trading at a discount since the May ex-dividend date, hitting a low of 82.5. A discount means refinancing would cost the company far more than before. So it started buying back. The board raised the repurchase authorization for digital credit securities from $2 billion to $3 billion, with $1.16 billion of that still unused. Meanwhile, cash fell from $2.2 billion at the start of the year to $1.4 billion, down 36%. It had also sold 1,690 Bitcoin earlier, raising $108.6 million for buybacks. It now holds 848,517 coins, cost basis $64 billion, average price 75.4K. Current price is just above 80K, leaving a thin unrealized gain. Still talking up a bull market, while the books are already repairing the balance sheet. $MSTRB (MSTRUSDT) #strategy未购比特币斥资2.05亿美元回购strc

Strategy repurchased $205M of STRC; Strive spent $511M to buy Bitcoin. After Strive's latest record purchase, its Bitcoin holdings are only 1,000 less than Metaplanet's; meanwhile, Strategy prioritized repurchasing preferred stock. Quick overview ⚠️ Personal market analysis only. Not financial advice — please manage risk and do your own research. This content is for educational purposes only and does not constitute investment advice, nor a recommendation to buy, sell, deposit, or withdraw any asset. No paid promotion or referral/affiliate links.

Strategy repurchased $205 million worth of $STRC shares and continues to increase its Bitcoin holdings. Strategy has just announced the repurchase of $205 million worth of $STRC-related shares. As of October 25, 2026, the company reported holding 848.517 BTC, with a total value of approximately $510 million based on the disclosed information. Strategy continues to adhere to its Bitcoin accumulation strategy while using financial instruments to manage funding sources and asset structure. This latest move once again makes Strategy a focal point among companies racing to accumulate BTC.

Why Wall Street Prefers Cash Over Bitcoin: Michael Saylor Explains Strategy Executive Chairman Michael Saylor acknowledged that relying solely on Bitcoin as collateral is not enough to keep Strategy's preferred stock (STRC) trading near its $100 target price. STRC is Strategy's perpetual preferred stock, with a 12% annual dividend rate, designed to trade around a $100 par value. ⚠️ For personal market analysis only. Not investment advice — please manage risk and do your own research. Educational content only, not investment advice, and not a recommendation to buy, sell, deposit, or withdraw any asset. No paid promotion or referral/affiliate links.