Michael Saylor's Strategy halted bitcoin purchases last week while executing $205M in STRC stock buybacks; company holds 848.5K BTC at $75.4K average cost.
Macro & Markets ·
Michael Saylor's Strategy halted its bitcoin purchases for the week while simultaneously executing $205 million in stock buybacks of its own shares, with the stock price hovering around $99 after a recent dip below $98. Strive executed its largest bitcoin purchase to date, marking a contrast with Strategy's pause in accumulation.
As of October 25, 2026, Strategy maintains a position of 848,517 BTC purchased at an average cost of $75,446 per coin. The company's bitcoin buys had gradually declined over the preceding month before ceasing entirely, suggesting a deliberate shift in capital allocation priorities toward equity buybacks rather than further asset accumulation.
The portfolio remains slightly profitable on its bitcoin investment at current levels. What is unclear is whether the pause represents a temporary tactical decision tied to stock buyback execution, a longer-term shift in Strategy's accumulation strategy, or a response to market conditions. The timing and duration of resumed bitcoin purchases, if any, remain unspecified.