Strategy repurchases $205 million of STRC stock, skips Bitcoin buying ahead of Fed rate call
Photo: Crypto Briefing
The company maintains its position as the largest corporate holder of Bitcoin, with $68 billion worth of the crypto asset. Strategy paused its Bitcoin buying last week ahead of the Federal Reserve’s upcoming interest rate decision, leaving its holdings unchanged after weeks of consecutive purchases, according to a new SEC disclosure. Despite taking a break from its recent accumulation, the company continues to lead corporate Bitcoin holders with a stash of 848,517 BTC valued at about $68 billion. The company bought back more than 2 million shares of its variable-rate STRC preferred stock for about $205 million during the period.
Source: Crypto Briefing
