Strategy Resumes Large Bitcoin Purchases Amid Preferred Share Buyback

Strategy has resumed its large Bitcoin purchases after a brief pause, adding 950 BTC to its holdings. The company's move is notable as it pairs this purchase with a US$174 million preferred share buyback funded from its sizeable cash reserves.

The twin decision to grow its Bitcoin holdings to 846,000 BTC while shrinking preferred equity highlights how Strategy closely links its balance sheet decisions to crypto market liquidity.

Strategy's latest moves may reshape the company's broader investment narrative. The core bet is that management can keep funding a huge Bitcoin position and preferred dividends from cash reserves while still supporting a slower growing software business that generated US$498.3 million of revenue in the past year.