Strategy Inc., formerly MicroStrategy, has increased its bitcoin holdings to 848,000 BTC while spending $176 million on buybacks of its Variable Rate Series A Perpetual Stretch Preferred Stock (STRC). These buybacks are part of a board-approved program aimed at reducing the discount on STRC shares. The market now assigns an 85.5% probability to STRC reaching $100 by December 31, up from 84% the previous day and 79% a week earlier. This increase in odds reflects the financial support from Strategy toward STRC.
Source: Read the original article
Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
