Strategy skips Bitcoin purchases, spends $205M on STRC buybacks

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Strategy neither bought nor sold Bitcoin last week, instead spending $204.9 million to repurchase 2.07 million preferred STRC shares. Its dollar cash balance fell about 46%, from $447.3 million to $242.4 million, while its overall dollar reserve remained at $4.83 billion. The company holds 848,517 BTC, acquired for $64.02 billion at an average price of $75,446 per Bitcoin. Since October, Strategy has spent about $664 million on STRC share buybacks, compared with $72.3 million on the purchase of 851 BTC.

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Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

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