Strategy halts Bitcoin purchases again, focuses on stock buybacks and cash reserves

Strategy stops Bitcoin buying again

Strategy, the company that holds the most Bitcoin of any corporate entity, announced that it has paused its Bitcoin purchases for a second time. The pause comes one week after the firm briefly resumed buying after a ten‑week break.

Key numbers

• Repurchased $176 million of its own stock (ticker STRC).
• Increased its Digital Credit Securities Repurchase Program from $1 billion to $2 billion.
• Now holds 845,050 Bitcoin, worth over $66 billion at current prices.
• Cash reserves total $6.5 billion.
• Average price paid for the Bitcoin holdings is $63.73 billion in total.

Founder’s announcement

Michael Saylor, Strategy’s founder and chairman, posted on X that the company had repurchased $176 M of STRC and expanded its digital credit securities repurchase program. He also confirmed the current Bitcoin and cash balances.

Company statement

CEO Phong Le said the move gives Strategy a “bullet‑proof balance sheet” and described the earlier Bitcoin sales as the “right trade at the time.” He compared the firm to “J.P. Morgan of the crypto economy.”

What is confirmed

• Strategy halted Bitcoin purchases last week.
• The firm bought back $176 M of its own shares.
• The digital credit securities repurchase program was raised to $2 billion.
• Current holdings are 845,050 Bitcoin and $6.5 billion in cash.
• Shares of Strategy (NASDAQ: MSTR) were trading more than 3 % lower on Tuesday morning.

Why it matters

Strategy is the largest corporate holder of Bitcoin, so its buying or selling decisions can influence market perception. By shifting focus to stock buybacks and cash, the company signals a preference for liquidity and shareholder returns over further Bitcoin accumulation.

Sources

• Bitcoin Magazine