Strategy Repurchases $139 Million of STRC Shares, Leaves Bitcoin Holdings Unchanged
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Strategy repurchased 1.42 million STRC preferential shares for a total of $139.3 million between September 8 and 13, according to an 8-K presentation to the Securities and Exchange Commission. The company financed the repurchases with its dollar cash reserve, which as of September 14 recorded a balance of $1.3 thousand. As a ... Read more
Strategy’s Bitcoin War Chest Sat Still While Saylor Defended STRC
The world’s largest bitcoin treasury company, Strategy, announced it has repurchased $139 million worth of its preferred stock STRC. The company did not sell or acquire any bitcoin over the past week and defended the preferred instead. Strategy Spends $139 Million Defending STRC “Strategy has repurchased $139M of STRC,” Strategy founder Michael Saylor wrote on […]
Michael Saylor's company has again not bought a Bitcoin this week. The Group currently prefers to use its cash reserve elsewhere. Source: BTC-ECHO BTC-ECHO
Michael Saylor's company has again not bought a Bitcoin this week. The Group currently prefers to use its cash reserve elsewhere. Source: BTC-ECHO BTC-ECHO
Strategy set aside $139.3 million to repurchase preferential shares STRC over the past week, but maintained its reserve of $845,050 BTC unchanged. The operation reflects a shift in the management of its capital, now focused on repurchases, dividends and interest payments.
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