Strategy spent $193.1 million last week to buy back STRC shares at an average price of $99.60, despite having announced that buybacks would taper as the stock approached $100. The outlay exceeded the $192.4 million spent the previous week at $99.58 per share and accounted for 19.5% of trading volume. The company simultaneously increased its STRC buyback authorization from $2 billion to $3 billion. Since July, Strategy has used $1.84 billion for the repurchases, financed mainly through MSTR share issuance and the dilution of common shareholders.
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