Strategy Skips Bitcoin Again, Spends $139M Buying Back STRC Shares
21 Articles
21 Articles
Strategy bought back 1.42 million STRC preferential shares for approximately $139.3 million over the past week, while maintaining its reserve of 845.050 Bitcoin, valued at about $65.7 billion, unchanged. Strategy is changing the way it manages its financial structure without altering, for now, the size of its gigantic Bitcoin reserve. [...] The Strategy ticket buys $139 million in STRC shares and maintains its 845.050 BTC was first published in …
Strategy Buys Back Stock, Skips Bitcoin Purchase
Bitcoin treasury Strategy held off buying bitcoin again last week. The Nasdaq-listed company said it instead bought $139 million of its preferred stock STRC. A Monday filing with the Securities and Exchange Commission on Monday showed that the company repurchased 1.42 million STRC preferred shares for around $139.3 million between September 8 and September 13. The company still owns 845,050 bitcoins worth $66.2 billion at today’s prices, and h…
Strategy Skips Bitcoin, Spends $139M Buying Back STRC
Why Is Strategy Buying Back Preferred Shares Instead of Bitcoin? Strategy spent approximately $139.3 million repurchasing its STRC preferred shares last week while leaving its bitcoin position unchanged, showing how the company's capital allocation strategy is becoming more flexible as its equity valuation remains under pressure. The bitcoin treasury company repurchased 1.42 million STRC shares between Sept. 8 and Sept. 13, according to a regula…
Illustrative image Photo: PexelsCompany maintains 845,050 bitcoins and uses dollar reserve to buy STRC, without selling coins
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