Strategy Pauses Bitcoin Purchases, Buys Back $205M in STRC
Edited by Steinar Vigdel Kolnes, Editor, Oslo
Strategy spent $205 million repurchasing STRC while pausing Bitcoin purchases, leaving its U.S. dollar cash balance at $242.4 million, Decrypt reported.
Bitcoin treasury firm Strategy put Bitcoin purchases on hold while spending $205 million to buy back STRC, according to Decrypt.
The repurchases marked Strategy’s largest weekly STRC buyback in more than a month.
Following the buybacks, the company’s U.S. dollar cash holdings declined to $242.4 million.
Source: Decrypt
