Strategy repurchases $139 million of STRC shares, leaves bitcoin holdings unchanged
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Strategy repurchased 1.42 million STRC preferential shares for a total of $139.3 million between September 8 and 13, according to an 8-K presentation to the Securities and Exchange Commission. The company financed the repurchases with its dollar cash reserve, which as of September 14 recorded a balance of $1.3 thousand. As a ... Read more
Strategy’s Bitcoin War Chest Sat Still While Saylor Defended STRC
The world’s largest bitcoin treasury company, Strategy, announced it has repurchased $139 million worth of its preferred stock STRC. The company did not sell or acquire any bitcoin over the past week and defended the preferred instead. Strategy Spends $139 Million Defending STRC “Strategy has repurchased $139M of STRC,” Strategy founder Michael Saylor wrote on […]
Michael Saylor's company has again not bought a Bitcoin this week. The Group currently prefers to use its cash reserve elsewhere. Source: BTC-ECHO BTC-ECHO
Strategy directed more capital into its own preferred shares instead of Bitcoin, buying back STRC for $139.3 million in the week ending September 13.
Strategy did not buy Bitcoin for the second consecutive week and allocated $139.3 million to STRC buybacks. During the same period, Strive purchased 469 Bitcoin, increasing its reserve to 25,000. The choices of the two companies illustrated the diverging paths in institutional Bitcoin accumulation.
Michael Saylor's company has again not bought a Bitcoin this week. The Group currently prefers to use its cash reserve elsewhere. Source: BTC-ECHO BTC-ECHO
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