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Strategy pauses Bitcoin buys, spends $205M on preferred stock buybacks amid MSCI index risk

Market News
26 Oct 2026, 16:24 WIB
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Neutral
Strategy pauses Bitcoin buys, spends $205M on preferred stock buybacks amid MSCI index risk

Strategy halted its weekly Bitcoin purchases for the first time since mid-September, instead spending $204.9 million to buy back 2,068,459 shares of its preferred stock. The company still holds 848,517 BTC but its cash reserves for Bitcoin buying dropped from $447.3 million to $242.4 million. This pause comes as MSCI plans to remove Strategy from its indexes due to new rules targeting companies dominated by a single asset, potentially forcing index funds to sell. Strategy's chairman criticized the rule as discriminatory, and the company continues to manage its stock buyback programs amid these challenges.

Strategy's recent pause in Bitcoin buying and stock buyback activity is context for readers following cryptocurrency markets. For readers following major cryptocurrencies on Pluang, here is the market snapshot as of Oct 26, 2026 20:21 WIB: out of 50 priced major cryptocurrencies, 29 rose and 18 fell today. Notable movers include BCH (Bitcoin Cash) at Rp5.021.703 with a 1-day change of +1.92% and Pluang order activity of 81% Sell / 19% Buy; ALGO (Algorand) at Rp1.891 with +1.89% and 98% Sell / 2% Buy; and EGLD (MultiversX) at Rp58.930 with +1.75% and 0% Sell / 100% Buy.

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