Strategy skips Bitcoin purchases, spends $205M on STRC buybacks

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26 Oct, 13:27

Source: Cointelegraph

AI Summary

Strategy paused its weekly Bitcoin purchases to allocate $205 million toward STRC preferred stock buybacks, reducing its cash reserves while maintaining its long-term treasury strategy.

Strategy skips Bitcoin purchases, spends $205M on STRC buybacks

Strategy made no Bitcoin purchases or sales last week, as its STRC preferred stock buybacks reduced its USD Cash balance by 46% to $242.4 million.