Strategy skips Bitcoin purchases, spends $205M on STRC buybacks
Strategy made no Bitcoin purchases or sales last week, as its STRC preferred stock buybacks reduced its USD Cash balance by 46% to $242.4 million.
Strategy made no Bitcoin purchases or sales last week, as its STRC preferred stock buybacks reduced its USD Cash balance by 46% to $242.4 million.
Michael Saylor’s Strategy refrained from buying or selling Bitcoin last week, choosing instead to spend $204.9 million on STRC preferred stock buybacks.
Strategy repurchased 2.07 million shares between Monday and Friday, reporting no Bitcoin (BTC) transactions or stock sales through its at-the-market offering program, according to its Monday filing with the US Securities and Exchange Commission.
Strategy’s US dollar reserve remained unchanged from the previous week, at $4.83 billion, Its USD Cash balance fell around 46% to $242.4 million from $447.3 million after management used $204.9 million to repurchase STRC shares.