Strategy Spends $192M Buying Back STRC Shares, Dwarfing Its $21.5M Bitcoin Purchase
Photo: TheCoinrise
The bitcoin treasury company's latest disclosure shows share buybacks far outweighing new crypto acquisitions. Strategy, the bitcoin treasury firm formerly known as MicroStrategy, disclosed a new round of bitcoin purchases alongside a much larger buyback of its own securities. The company bought roughly $21.5 million worth of bitcoin, according to reporting from crypto.news and NFTevening. During the same stretch, it spent more than $192 million repurchasing shares of STRC, one of its preferred stock offerings. The gap between the two figures stands out.
Source: TheCoinrise
