Strategy pauses bitcoin buys, repurchases $205 million of STRC preferred shares

Strategy paused its bitcoin purchases and instead repurchased $205 million of its STRC preferred shares. The company still holds a large bitcoin position representing roughly 4% of total supply, with $3.9 billion in paper gains. Traders may read the pause as a shift in capital allocation toward balance-sheet management rather than fresh accumulation, a signal worth watching for corporate demand trends.