Strategy buys 250 BTC, repurchases $192M in stock amid capital restructuring
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Strategy bought 250 bitcoin for about $21.5 million and repurchased about $192.4 million of STRC shares during the week of Oct. 5 to Oct. 11. The bitcoin purchase took its holdings to 848,250 BTC, and one report said the company also said it held $5.5 billion in dollar assets alongside that position.
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What it means
Strategy’s holders and STRC investors would notice that the company continued buying both assets in the same week, with the larger dollar amount going to STRC repurchases. One report also said the company’s bitcoin holdings reached 848,250 BTC, which is the updated balance after the purchase.
Before this week’s actions, the company had already done a $176 million repurchase of STRC preferred stock the week before, and one report said last week’s spending still went mostly to preferred stock rather than bitcoin. That leaves the company’s capital return pattern in place, even though bitcoin was also added to.
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