Strategy Spends Nearly 9 Times as Much on STRC as Bitcoin
10 Articles
10 Articles
Strategy increased its Bitcoin holdings to 848,250 BTC with a new purchase worth $21.5 million. While the company's latest purchase is smaller than its previous announcement, the amount it spent to repurchase preferred shares during the same period reached approximately nine times its Bitcoin investment.
Strategy Buys $21.5M Bitcoin And Repurchases $192.4M STRC
Strategy purchased 250 Bitcoin over the past week for $21.5 million, increasing its total digital asset holdings to 848,250 BTC. It also repurchased 1.93 million shares of STRC preferred shares for $192.4 million. The company’s low net leverage indicates a strong corporate balance sheet that could withstand severe Bitcoin drawdowns. Strategy (MSTR) resumes its Bitcoin (BTC)-buying streak with another multimillion-dollar purchase for the fourth c…
Strategy spent USD $192.4 million to repurchase preferential shares STRC during the week of October 5-11, almost nine times the $21.5 million destined to acquire 250 BTC. The company reported that its treasury reached 848,250 BTC and that it kept around $5.520 million between reserves and cash.
Strategy Buys 250 Bitcoin and Repurchases $192M in STRC as Holdings Reach 848,250 BTC
Michael Saylor’s Strategy has acquired another 250 Bitcoin and repurchased approximately $192 million of its STRC preferred stock, continuing to deploy capital across its cryptocurrency treasury and securities repurchase programs. The October 12 corporate disclosure puts Strategy’s total holdings at 848,250 BTC as of October 11, alongside approximately $5.5 billion in combined U.S. dollar reserves… Continue reading Strategy Buys 250 Bitcoin and …
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