Strategy repurchased $208.2 million of its STRC preferred shares and bought 811 Bitcoin for about $65.5 million, according to an SEC filing. It spent more than three times as much on the buybacks as on Bitcoin, but the source gives no exact dates for those transactions.
Strategy also sold about 1.18 million MSTR shares for $164 million in net proceeds. The filing says about $65.5 million funded the Bitcoin purchase and the remaining $98.5 million was allocated to USD Cash. STRC traded below its $100 target price in pre-market trading; Strategy’s policy is not to issue new STRC shares below $100, limiting that source of funding while the price stays below the target.
