Strategy spent nearly nine times as much on STRC buybacks as Bitcoin last week

news_corporations

Strategy spent nearly nine times more on repurchasing its preferred shares, STRC, than on buying Bitcoin last week. The imbalance suggests the company prioritized supporting STRC’s market price over adding to its Bitcoin holdings during the period. It does not, by itself, indicate a change in Strategy’s longer-term Bitcoin strategy.

DYOR - Single Source

This feed has limited sources. Do your own research before making decisions.

Sources (1)

https://cryptoslate.com/strategys-bitcoin-buying-hits-lowest-level-since-december-as-strc-buybacks-reach-record-192-million/

AI Research

AI deep dive is generated automatically for verified feeds.