Strategy’s Weekly STRC Buyback Climbs to $205 Million While Its Bitcoin Stack Stays Put
BTC when published $80,299Now $80,595 ▲ +0.37% since it was published
Strategy spent $204.9 million repurchasing 2,068,459 shares of its STRC preferred stock between Oct. 19 and Oct. 25 and bought no bitcoin over those seven days, the company disclosed in a Form 8-K on Monday. It was the first full week since the board lifted the cap on its preferred buyback program to $3 billion from $2 billion. Strategy had repurchased $193.1 million of STRC the week before and $192.4 million the week before that. The company’s holdings stayed at 848,517 BTC, acquired for a combined $64.02 billion at an average of about $75,446 each, fees included. Strategy also skipped stock sales under its ATM program this time, a week after selling MSTR shares to fund most of a 267 BTC purchase.
First reported by Unchained. This page is a short excerpt; the full text is theirs.
