3 sourcesTracking since 8 Sept, 12:14
Strategy repurchases $176M of STRC shares, buys no Bitcoin
Chronological coverage
First seen8 Sept, 12:14Strategy repurchases $176M of STRC shares, buys no Bitcoin
Strategy's focus on repurchasing STRC shares over Bitcoin suggests a strategic shift towards optimizing capital structure and reducing dividend liabilities.
CryptoBriefing•Editorial Team
Follow-up8 Sept, 12:20Strategy repurchases $176 million of STRC shares, makes no bitcoin purchases or sales
Strategy's total holdings account for around 4% of the 21 million bitcoin supply cap — worth roughly $66 billion.
The Block•James Hunt
Latest8 Sept, 12:51Strategy skips Bitcoin buy to repurchase $176M of STRC preferred shares
Strategy repurchased $176 million worth of its STRC preferred stock and doubled the size of its digital securities repurchase program to $2 billion, while pausing on new Bitcoin buys.
Cointelegraph•Cointelegraph by Zoltan Vardai