Strategy Pauses Bitcoin Buying, Spends $205M Buying Back STRC
Summary
The corporate Bitcoin treasury firm paused its cryptocurrency purchases to execute a large weekly buyback of its STRC shares. This financial maneuver required an expenditure of $205 million, reducing the company's remaining cash reserves to $242.4 million.
The Bitcoin treasury firm's USD Cash balance fell to $242.4 million after its biggest weekly STRC buyback in more than a month.
Source: Read the full story at Decrypt
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