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.
Source: Read the original article


