Strategy Adds $22M in Bitcoin, Repurchases $193M in STRC
Edited by Steinar Vigdel Kolnes, Editor, Oslo
Strategy bought $22 million in Bitcoin and repurchased $193 million of STRC as it raised its preferred stock buyback limit to $3 billion.
Bitcoin treasury company Strategy purchased $22 million worth of Bitcoin, according to Decrypt. It also bought back $193 million of its STRC preferred stock.
The company increased its preferred stock repurchase cap to $3 billion. That figure represents the buyback limit, rather than the amount already spent.
Strategy now holds 848,517 BTC, acquired at an average price of $75,446 per coin. The latest purchase adds to its Bitcoin reserves alongside the preferred stock repurchases.
Source: Decrypt
