Strategy spends triple its weekly Bitcoin outlay on STRC buybacks
Summary
Strategy recently allocated funds toward multiple financial assets, spending significantly more on buying back its preferred shares than on purchasing Bitcoin. Additionally, the company added a separate sum to its cash reserves during the same period.
Strategy spent $208.2 million buying back STRC preferred shares and $65.5 million on Bitcoin, while allocating $98.5 million to its USD Cash balance.
Source: Read the full story at Cointelegraph.com News
Disclaimer: This content is for informational and educational purposes only and is not financial, investment or trading advice. Tech & Money Press is not a registered investment adviser or broker-dealer. Trading stocks, options and crypto involves substantial risk, including the loss of your entire investment. Do your own research and consult a licensed professional before making any financial decision. The authors may hold positions in the securities mentioned. News summaries are written with AI assistance from the original publisher's report and may contain errors; always check the original source. Full disclaimer.