Strategy’s Weekly STRC Buyback Climbs to $205 Million While Its Bitcoin Stack Stays Put
By Unchained
AI summary of the source article
Strategy spent $204.9 million repurchasing 2,068,459 shares of its STRC preferred stock between Oct. 19 and Oct. 25, leaving its bitcoin holdings unchanged at 848,517 BTC. The buybacks were funded entirely from the company's USD Cash balance.
Key facts
- Strategy repurchased 2,068,459 STRC preferred shares for $204.9 million between Oct. 19 and Oct. 25.
- The company purchased zero bitcoin during the week, leaving its total holdings at 848,517 BTC.
- USD Cash fell to $242.4 million from $447.3 million to fund the buybacks, while the separate USD Reserve remained at $4.83 billion.
Source excerpt · Unchained
The repurchases cut Michael Saylor's company's USD Cash by nearly half and leave $956.8 million of room under its newly raised $3 billion preferred buyback cap. The post Strategy’s Weekly STRC Buyback Climbs to $205 Million While Its Bitcoin Stack Stays Put appeared first on Unchained .