Strategy shifts focus from Bitcoin accumulation to preferred stock buybacks, repurchasing $139.3 million in STRC shares while holding its 845,050 BTC position steady.
MSTR stock has declined 60% over the past year and the company paused Bitcoin purchases, focusing on preferred stock buybacks.
Strategy repurchased 1.42 million preferred shares, potentially supporting the preferred stock price.
Strategy, a major corporate holder, did not buy or sell Bitcoin for the second straight week, indicating a pause in institutional accumulation.
Strategy has halted its Bitcoin buying spree for the second consecutive week, maintaining its holdings at 845,050 BTC. The company is instead prioritizing the repurchase of 1.42 million preferred shares, utilizing $139.3 million from its $6.4 billion cash reserve to support the stock.
Strategy has shifted its capital allocation strategy to focus on shoring up its preferred stock, which offers a 12% dividend yield, while maintaining a $6.4 billion cash reserve.