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Strategy pauses Bitcoin buys, repurchases $205M preferred shares as Bitcoin nears $80K

Market News
26 Oct 2026, 19:54 WIB
Blockonomi
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Bearish
Strategy pauses Bitcoin buys, repurchases $205M preferred shares as Bitcoin nears $80K

Strategy Inc. halted Bitcoin purchases last week and repurchased $204.9 million of its STRC preferred shares using cash. The company holds 848,517 Bitcoin, bought at an average price of $75,446 each, with total Bitcoin assets valued near $64 billion. Bitcoin traded near $80,000 ahead of the Federal Reserve's October 28 interest rate decision, which could impact market sentiment. Strategy's stock fell slightly following these moves, and the company has not announced any new Bitcoin buying plans yet, focusing instead on preferred share buybacks and maintaining strong cash reserves.

Strategy Inc.'s recent moves are presented here with Pluang's market data as of Oct 26, 2026 23:41 WIB. Among 50 major cryptocurrencies priced on Pluang, 25 rose and 23 fell today. Notable price changes include EOS at Rp12,649 with an 8.13% increase, ZIL at Rp36 rising 4.03% with 77% buy order activity, and VET at Rp119 dropping 3.10% with 80% sell order activity. EOS's 8.13% gain stands out as the most notable figure.

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