- Strategy resumed Bitcoin buying after a 10-week halt that followed crypto-market pressure on its shares, doubts about its financing model and a balance-sheet overhaul.
- Ahead of the reported purchase, Strategy had built a larger dollar reserve and reduced the leverage constraint cited by traders, while its STRC preferred shares recovered toward par.
- The restart comes as Bitcoin held near $79,500 and outperformed listed miners over the prior month; Strategy remained a more direct equity proxy for Bitcoin than miners exposed to hashrate and energy economics.
Quotes
“Business as usual.”
“Our objective is for STRC to trade over time at $99 to $100. If STRC trades below $100, we intend to repurchase STRC shares in a regular and disciplined manner”