Strategy skips Bitcoin purchases, spends $205M on STRC buybacks
Summary
Strategy did not buy or sell any Bitcoin last week. Instead, the company spent millions of dollars on repurchasing its preferred stock, which caused its cash balance to decrease significantly.
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.
Source: Read the full story at Cointelegraph.com News
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