Strategy Increases Bitcoin Holdings and Repurchases Preferred Stock
- Strategy acquired an additional 950 BTC for $75.7 million, raising its total to 846,000 BTC.
- The company spent $174 million repurchasing its STRC preferred stock without selling shares through its ATM program.
- Michael Saylor stated that Strategy’s USD assets amount to $6.09 billion after these transactions.
- Strategy’s bitcoin holdings represent over 4% of the total Bitcoin supply cap of 21 million coins.
Strategy has strategically increased its Bitcoin holdings back to a familiar level while simultaneously investing in its own securities, showcasing a balanced approach to asset management.
With a significant investment in both Bitcoin and STRC, Strategy maintains a robust financial position with substantial USD reserves and authorization for further repurchases. (Source)
