Strategy Pauses Bitcoin Buying for $204.9 Million STRC Buyback
The company repurchased 2.07 million preferred shares while reporting no Bitcoin transactions or sales through its stock offering program.
Key takeaways
- Strategy spent $204.9 million buying back 2,068,459 STRC shares.
- The company reported no Bitcoin transactions or at-the-market stock sales last week.
Strategy made no Bitcoin transactions last week and spent $204.9 million buying back its STRC preferred shares, according to a Monday filing. It repurchased 2,068,459 shares and reported no sales through its at-the-market offering program.
Its Bitcoin holdings remained at 848,517 BTC, acquired for $64.02 billion at an average price of $75,446 per coin. Strategy’s USD Cash balance fell to $242.4 million from $447.3 million a week earlier, while its USD Reserve stayed at $4.83 billion.
Strategy shares traded at $137.92, down 5.54% since the previous close, as of 13:43 UTC Monday.
This article was produced with the help of AI technology. Based on reporting by the outlets listed above.
