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Series of events · Strategy
Strategy reports profit, then pauses bitcoin purchases
Strategy reported crypto profits before updates on cash reserves, a pause in bitcoin buying and STRC repurchases.
Updated
The flow in 3 points
- Strategy reported approximately $21 billion in third quarter crypto profits
- Its US dollar reserve rose by $205 million without additional bitcoin purchases
- Strategy then reported $205 million in STRC buybacks and $242.4 million in USD cash
What happened, in order
Times are Eastern-
Where it began
Crypto profits reported
Strategy recorded approximately $21 billion in third quarter crypto profits, with 848,000 Bitcoin and $5.7 billion in cash reserves.
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Cash reserve increases
Strategy added $205 million to its US dollar reserve, reaching $5.28 billion in the week ending October 25, without buying bitcoin.
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Latest
STRC shares repurchased
Strategy halted bitcoin acquisitions, repurchased $205 million in STRC shares and reported its USD cash balance dropped to $242.4 million.
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How they connect
First, Strategy reported third quarter crypto profits and its holdings. Then it reported higher cash reserves without bitcoin purchases, followed by an update on halted acquisitions, STRC buybacks and a lower cash balance.
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