Strategy Inc. (NASDAQ: MSTR), the largest corporate holder of Bitcoin, saw its shares fall on Monday after the Bitcoin treasury company skipped cryptocurrency purchases for the prior week and directed cash toward a preferred-share buyback, according to an October 26 filing with the U.S. Securities and Exchange Commission.

No Bitcoin Trades for the Week

From October 19 through October 25, Strategy bought or sold no Bitcoin and sold no shares through its at-the-market program, the standing channel through which it can issue new shares at prevailing prices to raise proceeds. The filing detailed the week's activity without announcing any change to the company's broader treasury policy or providing a date for its next Bitcoin purchase. Because the company reports treasury activity on a weekly cadence, a purchase-free stretch stands out for a company whose holdings now total 848,517 coins.

$204.9 Million STRC Buyback

Strategy repurchased 2,068,459 STRC preferred shares for $204.9 million during the period. The company funded the buyback with cash on hand rather than proceeds from new share sales. STRC, which stands for Variable Rate Series A Perpetual Stretch Preferred Stock, has a payout that varies with prevailing rates and no set maturity; buying back shares reduces the outstanding preferred count on which those payouts accrue. The stock remains covered by an authorization with $956.8 million left for preferred-share repurchases, alongside $1 billion set aside for common shares.

Strategy bought back no common shares last week and reported no repurchases of its STRF, STRK, or STRD preferred shares during the period.

Holdings Unchanged at 848,517 BTC

The company held 848,517 Bitcoin as of October 25, acquired for a cumulative $64.02 billion at an average purchase price of $75,446 per coin, including related fees. The week of inactivity left that position unchanged.

Strategy reported $4.83 billion in dollar reserves earmarked to support preferred dividends and debt interest, plus an additional $242.4 million held for treasury operations. The STRC buyback was financed from that cash. Those dividend and interest commitments continue regardless of purchase activity, a reason the reserve levels draw attention in weeks without accumulation.

Separately, a report on Bitcoin exchange inflows showed Binance's 30-day average whale inflows falling from $5.9 billion to $3.8 billion while retail inflows rose. Whale inflows track transfers by the largest market participants. Those figures concern the wider Bitcoin market rather than Strategy's own trades.

Stock Slips as Bitcoin Hovers Near $80,000

Strategy stock traded around $142 at midday Monday, below Friday's close of $146.01. The shares often track Bitcoin because cryptocurrency holdings dominate the company's assets, and Bitcoin traded near $80,000 after slipping below that level over the weekend, a market level that still sits above the $75,446 average price Strategy paid across its holdings. A Bitcoin price outlook identified resistance near $82,000 and potential downside pressure below $79,000; these remain analyst scenarios rather than confirmed forecasts.

Markets Eye Federal Reserve Decision

The Federal Reserve announces its next interest rate decision on Wednesday, October 28. A Reuters poll of 100 economists expects rates to remain unchanged this month, with another increase in December. A weekly crypto market calendar lists the Fed meeting alongside inflation data and economic growth figures, and traders will follow those releases for signals on borrowing costs and risk appetite.

Strategy plans to report quarterly earnings on October 29. Its next weekly filing will show whether the buying pause extended into another week. Until then, the company's latest filing records only the preferred-share buyback and unchanged Bitcoin reserves, with no timeline given for fresh purchases.