Strategy Skips Bitcoin Buy, Spends $205M Repurchasing STRC Instead
· news_corporations · Sentiment: bullish
Strategy did not purchase Bitcoin in the reported period, instead spending about $205 million to repurchase its STRC preferred shares. The move redirects capital toward supporting the preferred security rather than adding to Strategy’s BTC holdings. Separately, Strive acquired 6,182 BTC, bringing its reported stash to 43,000 BTC, underscoring that corporate accumulation continued elsewhere.
Sources
- https://cointelegraph.com/news/strategy-skips-btc-buy-205-million-strc-buyback?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
- https://news.bitcoin.com/crypto-news/strategy-skips-bitcoin-buy-spends-205-million-repurchasing-strc/
- https://news.bitcoin.com/crypto-news/strive-scoops-up-6182-bitcoin-pushing-stash-total-to-43000-btc/