Strategy repurchases $139 million of STRC shares, leaves bitcoin holdings unchanged
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17 Articles
Strategy Skips Bitcoin, Spends $139M Buying Back STRC
Why Is Strategy Buying Back Preferred Shares Instead of Bitcoin? Strategy spent approximately $139.3 million repurchasing its STRC preferred shares last week while leaving its bitcoin position unchanged, showing how the company's capital allocation strategy is becoming more flexible as its equity valuation remains under pressure. The bitcoin treasury company repurchased 1.42 million STRC shares between Sept. 8 and Sept. 13, according to a regula…
Illustrative image Photo: PexelsCompany maintains 845,050 bitcoins and uses dollar reserve to buy STRC, without selling coins
Strategy skips Bitcoin again, spends $139M buying back STRC shares
Strategy has now gone three straight weeks since its last Bitcoin purchase, per the company’s 8-K filing. Instead, the bought $139.3 million of its own STRC preferred stock, per the document sent to the SEC on September 14, covering the week before. Strategy’s Bitcoin stash remains unchanged at 845,050 BTC since it disclosed a 4,603 Bitcoin purchase for nearly $370 million on August 31. Before that, the firm had gone 10 consecutive weeks withou…
Strategy, the world's largest Bitcoin treasury company, spent another week without making any contributions to the cryptocurrency. Instead, the company made a new buyback of STRC, its preferred shares. On the other hand, Strategy did not need to sell its coins to bank the operation, having used its reserve ‘USD Cash' for [...] Source: Strategy spends another week without buying Bitcoin and remains focused on buybacks from STRC See more news on B…
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 […]
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