Strategy Prioritizes Stock Buybacks Over Bitcoin Purchases
- Strategy acquired 334 Bitcoin (BTC) for $28.7 million last week.
- Total Bitcoin holdings now stand at exactly 848,000 BTC.
- During the same period, Strategy repurchased approximately 1.77 million shares of its STRC preferred stock for $176.3 million.
- The company is seeking shareholder approval to change dividend payments on preferred stocks to a daily schedule.
- This proposal aims to enhance liquidity and price stability without altering overall payment obligations.
The shift in capital allocation highlights Strategy’s focus on preferred securities as a means to manage its Bitcoin treasury strategy effectively while improving liquidity through daily dividend payments.
With a recent purchase of $28.7 million in BTC, Strategy continues to expand its holdings while prioritizing significant investments in stock buybacks over Bitcoin acquisitions.(Source)
