Strategy Acquires 1,665 BTC and Repurchases $152 Million of STRC
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Strategy added 1,665 bitcoin in a purchase that the company said cost about $142.7 million, and its total holdings reached 847,666 BTC. In the same period, it repurchased about $151.7 million to $152 million of STRC preferred shares and also reported selling 1.47 million MSTR shares for $246.2 million.
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What it means
Strategy’s bitcoin move and STRC repurchase are the immediate items that traders, holders, and anyone tracking the company’s capital structure would notice next business day. The update leaves its bitcoin balance at 847,666 BTC and shows STRC was bought back in the same period, which changes the mix of what the company was doing but not the fact that both actions were completed.
Before this update, the company had MSTR shares outstanding and a large bitcoin treasury. Now it has reported selling 1.47 million MSTR shares, buying 1,665 bitcoin, and repurchasing STRC, so the visible change is how the financing activity and treasury activity were paired in the same window.
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