Strategy repurchased $192.4 million of its STRC shares, nearly nine times the amount spent on its latest Bitcoin acquisition. On October 12, the firm purchased an additional 250 BTC for $21.5 million, bringing its total holdings to 848,250 BTC. Following these actions, the company's preferred stock closed at $99.88 on October 13, marking its highest level since May. Over a two-week period, the company allocated roughly seven times more cash to share buybacks than to Bitcoin purchases.
Strategy allocated seven times more cash to share buybacks than Bitcoin acquisitions over two weeks, driving its preferred equity to a five-month high.
Read the full storyStrategy allocated $192.4M to share buybacks, nearly nine times its recent Bitcoin spend, bringing its total digital asset treasury to 848,250 BTC.
