Strategy bought back $25 million of its preferred stock, Stretch (STRC), instead of purchasing Bitcoin. The company sold over 5.4 million MSTR shares on the market between July 20 and 26, generating $544.5 million in net proceeds. This marks the fifth consecutive pause in Bitcoin purchases for the company, which still holds 843,775 BTC worth over $55 billion. Strategy now has $3.75 billion in cash on hand and maintains its commitment to remain a long-term Bitcoin buyer.
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