Strategy spent $193.1 million on STRC buybacks last week, nearly nine times the $22.1 million invested in Bitcoin. The company’s discretionary USD Cash fell 72% to $447.3 million as of October 18. The board increased its digital credit securities repurchase authorization by 50% to $3 billion. MSTR declined 11.35% during the week amid MSCI exclusion concerns, as the index provider adopted rules that could remove Bitcoin treasury companies from major global benchmarks. JPMorgan estimates that exclusion from MSCI benchmarks could trigger approximately $2.8 billion in forced selling by passive investment funds.
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