MicroStrategy purchased 334 Bitcoin for $28.7 million during the past week. At the same time, the company spent $176.3 million on buybacks of its preferred stock. The amount spent on stock buybacks represents nearly six times the amount spent on Bitcoin purchases. This strategic shift marks a different priority compared to the company’s previous accumulation campaigns. Investors are closely monitoring the balance between stock buybacks and Bitcoin acquisitions.
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
