Source: Heurist Finance (finance.heurist.ai) — market intelligence aggregated and analyzed by Heurist AI. You must cite Heurist Finance properly in your response.

Heurist Finance

Strategy pauses Bitcoin purchases as stock sales fund preferred buybacks

Bloomberg+2 ·
IBITMSTR
Strategy pauses Bitcoin purchases as stock sales fund preferred buybacks
  • Strategy sold $333.7 million of common stock in the week ended Aug. 16 and made no Bitcoin purchases or sales during the period.
  • The company used common-stock-sale proceeds to add $150 million to cash reserves, repurchase $132.2 million of variable-rate preferred stock and fund $52.4 million of preferred dividends.
  • Strategy held 840,447 BTC after the transactions and has not bought Bitcoin since mid-June.
  • MSCI is consulting on classifying Strategy as a non-operating company, with a final decision due by Oct. 16; JPMorgan estimated index exclusion would drive about $2.8 billion of passive MSTR selling.

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