Strategy Pauses Bitcoin Buying, Spends $205M on STRC Buybacks
Edited by Steinar Vigdel Kolnes, Editor, Oslo
Strategy left its Bitcoin holdings unchanged last week while spending $205 million to repurchase STRC preferred shares.
Strategy spent $205 million on buybacks of its STRC preferred stock last week, according to Cointelegraph.
The company neither bought nor sold Bitcoin during the period, leaving its holdings of the cryptocurrency unchanged.
The share repurchases reduced Strategy’s US dollar cash balance by 46%, bringing it to $242.4 million.
Source: Cointelegraph
