Strategy has stopped buying bitcoin and stopped selling stock

Two straight weeks with no bitcoin bought, no bitcoin sold, and not a single share issued. Instead $139.3 million of cash went into retiring its own preferred stock. The machine that made Strategy famous is not running in either direction. Summary Strategy bought no bitcoin, sold no bitcoin, and issued no shares between September 8 and 13. The company repurchased 1,420,467 STRC preferred shares for $139.3 million, funded entirely from cash. Bitcoin holdings remained unchanged at 845,050 BTC, acquired for $63.73 billion at an average price of roughly $75,412. Strategy has spent roughly $811.5 million on STRC repurchases since July, including $176.3 million the previous week. About $1.05 billion remains available for preferred stock repurchases, alongside $1 billion under its separate common stock programme. For four years the question about Strategy was how much bitcoin it would buy next. The answer arrived weekly, on a schedule, in a tweet. Then it stopped. Two weeks running now, the 8-K has said the same thing: no bitcoin purchased, no bitcoin sold, no shares issued. What the company did instead was spend $139.3 million of cash buying back 1,420,467 shares of its own preferred sto...