MicroStrategy paused Bitcoin purchases this week and spent $205M on stock buybacks while holding 848,517 BTC.
Macro & Markets ·
During the week ending October 25, a major Bitcoin holder paused its cryptocurrency acquisitions and instead directed capital toward equity repurchases, spending approximately $205 million to buy back preferred shares. The company conducted no Bitcoin purchases or sales during that period, nor did it execute any at-the-market stock offerings.
The entity maintains a substantial Bitcoin treasury of 848,517 BTC acquired at an average price of $75,446, representing a total acquisition cost of roughly $64.02 billion. Beyond its Bitcoin holdings, it holds $4.83 billion in USD reserves and approximately $242 million in additional cash.
The shift toward buybacks rather than Bitcoin accumulation marks a tactical pivot in capital allocation, though the underlying rationale for the timing remains unstated. It remains unclear whether this represents a temporary pause or a broader change in investment strategy going forward.