Strategy skips Bitcoin purchases, spends $205M on STRC buybacks
Summary
Strategy made no Bitcoin purchases or sales last week, instead spending $204.9 million to repurchase 2.07 million STRC preferred shares, according to an SEC filing. Its holdings remained at 848,517 BTC, acquired for $64.02 billion at an average of $75,446 per coin. The company’s $4.83 billion US dollar reserve was unchanged, while its cash balance fell to $242.4 million. Since October began, Strategy has spent about $664 million on STRC buybacks and $72.3 million to acquire 851 BTC. The shift came as Bitcoin retreated toward $80,000 after reaching $84,777.
