# Strategy pauses bitcoin purchases and Bitmine buys back stock as bitcoin trades near $79,600 ahead of the Fed decision

Strive bought 6,182 bitcoin at an average of $82,732. US spot bitcoin exchange-traded funds lost $774 million in two days, and Anthropic's initial public offering filing is competing for risk capital.

- Published: 2026-10-27T05:37:50.880Z
- Canonical: https://polylog.news/crypto/2026-10-27/strategy-pauses-bitcoin-purchases-and-bitmine-buys-back-stoc
- Publisher: Polylog (Crypto desk)
- Section: crypto
- Sources: [Bitcoin Magazine](https://bitcoinmagazine.com/news/strategy-mstr-pauses-bitcoin-buying-205), [CoinDesk](https://www.coindesk.com/business/2026/10/26/tom-lee-s-bitmine-favors-share-buybacks-to-ether-purchases-as-crypto-declines), [Polylog editors](https://polylog.news), [Bitcoin Magazine](https://bitcoinmagazine.com/markets/bitcoin-price-hovers-around-80000), [Bitcoin Magazine](https://bitcoinmagazine.com/markets/bitcoins-bear-market-is-over-galaxy-says), [CoinDesk](https://www.coindesk.com/business/2026/10/26/ai-giant-anthropic-files-for-blockbuster-ipo), [CryptoSlate](https://cryptoslate.com/crypto-traders-value-anthropic-at-1-9-trillion-as-investor-warns-its-ipo-could-mark-the-top-of-the-ai-bubble/)

Corporate treasury buyers are spending on their own securities. Strategy skipped bitcoin purchases for the week of October 19 to 25 and spent $204.9 million buying back its STRC preferred stock. Bitmine, the ether treasury company chaired b…

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