Strategy Buys $82M in Bitcoin, Buys Back $188M of STRC
Summary
A Bitcoin treasury company recently funded major asset purchases by selling a substantial portion of its own stock. The firm acquired millions in cryptocurrency while also buying back its own shares. These financial moves occurred shortly before an upcoming index review by MSCI.
The Bitcoin treasury firm sold $284 million of MSTR stock to fund the moves, days before MSCI names companies facing index removal.
Source: Read the full story at Decrypt
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