Strategy Spends $208M on STRC Buybacks, Buys $65.5M Bitcoin

Strategy Spends $208M on STRC Buybacks, Buys $65.5M Bitcoin

Strategy spent $208.2 million buying back STRC preferred shares and $65.5 million on Bitcoin, while allocating $98.5 million to its USD Cash balance.

Strategy spends triple its weekly Bitcoin outlay on STRC buybacks

Strategy spent $208.2 million buying back STRC preferred shares and $65.5 million on Bitcoin, while allocating $98.5 million to its USD Cash balance. Michael Saylor’s Strategy spent more than three times as much buying back its STRC preferred shares as it did acquiring Bitcoin last week. Strategy repurchased $208.2 million in STRC and spent about […]

Strategy Buys $65.5M Worth Of Bitcoin, Repurchases $208.2M STRC Shares

After skipping two weekly Bitcoin (BTC) purchases, Strategy (MSTR) has resumed buying the digital asset. On Monday, the company announced adding 811 BTC from October 26 to November 1 for $65.5 million at an average purchase price of $80,846 per BTC. Strategy’s Bitcoin Holdings The move increases Strategy’s digital asset reserves to 849,327 BTC. The […]

BitMine Edges Toward 5% of ETH While Saylor Adds 811 BTC

Strategy started buying Bitcoin again after a one-week pause and paid for it by selling new common shares. Strategy used cash it already held to buy back part of its STRC preferred stock. BitMine is a few weeks of buying away from owning 5% of Ethereum’s supply. BitMine’s reported portfolio value fell because ETH’s price [...]

Strategy buys 811 bitcoin and repurchases preferred shares

The company allocated US$98.5M of new common-share proceeds to cash while funding preferred buybacks from its general-purpose cash account.