Strategy repurchases $205 million of STRC stock, skips Bitcoin buying ahead of Fed rate call - [Read more](

Strategy, the Bitcoin-focused firm formerly known as MicroStrategy, reported that it repurchased $205 million of its STRC preferred stock and did not acquire additional Bitcoin ahead of the Federal Reserve's rate decision. The move signals that the company is prioritizing balance-sheet and capital-structure management over incremental Bitcoin accumulation during a window of macro uncertainty. For Bitcoin, the transmission channel runs through risk appetite and rate expectations: a pause in corporate treasury purchases removes a marginal source of demand, while a hawkish or uncertain Fed outcome tightens dollar liquidity and pressures high-beta crypto assets. BTC is the most directly exposed, given Strategy's outsized role as a corporate holder, and USD strength would amplify pressure on dollar-denominated risk assets. The key catalyst to watch is the Fed's policy statement and the press conference that follows, particularly any guidance on the path of real yields that would shape dollar direction.

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