Strategy buys 250 BTC, repurchases $192M in stock amid capital restructuring

Strategy Inc ., led by Michael Saylor, has announced the acquisition of 250 bitcoin and the repurchase of $192 million in STRC perpetual preferred stock, according to a recent social media post. As of October 11, the company holds 848,250 BTC and $5.5 billion in USD assets. This development comes amid Strategy’s ongoing efforts to bolster its bitcoin reserves while also restructuring its capital through significant stock repurchases. The company’s recent activities indicate a focus on maintaining a robust bitcoin portfolio alongside strategic adjustments in its preferred-stock holdings.

Source: Crypto Briefing