Strategy spends more on STRC buybacks than on Bitcoin
BROBROK News · Based on reporting by Cointelegraph ·
Strategy spent $208.2 million repurchasing STRC preferred shares last week, more than triple its Bitcoin spending. The company also bought 811 BTC for about $65.5 million at an average price of $80,846.
Key points
- Strategy repurchased $208.2 million of STRC preferred stock.
- It bought 811 BTC for about $65.5 million.
- The company sold about 1.18 million MSTR shares for $164 million in net proceeds.
- $98.5 million from those proceeds went to the company’s USD cash balance.
- Strategy’s policy limits new STRC issuance below $100.
Why it matters
The filing shows Strategy is balancing Bitcoin accumulation with preferred-share buybacks and cash management. That mix matters because it affects how the company funds BTC purchases and how its capital structure evolves.
Original headline: “Strategy spends triple its weekly Bitcoin outlay on STRC buybacks”
Read the original on Cointelegraph
Summary and analysis written by BROBROK News from the original report. Read the full story on the source website. Not investment advice.