Strategy raises preferred securities buyback cap to $3 billion, spends $193.1 million on STRC

Strategy, the digital asset holding company led by Michael Saylor, announced an increase in its authorized buyback of preferred securities to $3 billion after recently spending $193.1 million on STRC share repurchases. This buyback amount is nearly nine times the $22.1 million that Strategy allocated to Bitcoin purchases in the same period. The board of Strategy approved an additional $1 billion for its Digital Credit Securities Repurchase Program, boosting the total authorization from $2 billion to $3 billion.

Also reported by Unchained.

Source: CoinTurk News