Strategy Stock Pauses Bitcoin Buying, Repurchases $176M in Preferred Shares

Strategy stock closed at $136.52 on September 8, below its daily pivot of $137.07 after retreating from an intraday high of $139.31.

The company's daily chart remains constructive, with price holding above both the 20-day EMA at $122.02 and the 50-day EMA at $115.29. However, the 200-day EMA at $158.41 remains well overhead, meaning the longer-term trend has not yet flipped bullish.

The company repurchased $176 million of its preferred stock last week, marking a pivot away from its usual bitcoin-buying strategy. This move was made while confirming no bitcoin was bought or sold over the past week.