Strategy’s $192M STRC Buyback Outweighs New Bitcoin Purchase

Strategy spent almost nine times more repurchasing its own preferred shares than buying Bitcoin during the week ending October 11, highlighting a shift in how the company allocates capital within its cryptocurrency treasury strategy. The Michael Saylor-led company acquired 250 BTC for $21.5 million, while repurchasing $192.4 million of STRC preferred stock, according to its October 12 announcement . The transactions reflect two competing priorities. Strategy continues accumulating Bitcoin through equity financing, but it is also managing the preferred securities that help support its broader capital structure.

Source: Crypto News Flash