Strategy Skips Bitcoin Buy, Spends $205M Repurchasing STRC Instead

Michael Saylor's Strategy paused its bitcoin accumulation last week, instead spending nearly $205 million repurchasing 2,068,459 shares of its variable-rate Stretch preferred stock. The company, the world's largest publicly traded corporate bitcoin holder, continues reshaping its capital structure. Strategy (Nasdaq: MSTR) disclosed the repurchase on Monday, signaling a shift from its usual bitcoin buying strategy.