Strategy purchased 267 BTC for over $22 million last week, its sixth purchase since August. The company also spent approximately $193 million on repurchasing STRC preferred shares and authorized an additional $1 billion for preferred share buybacks, bringing the total authorization to $3 billion. Meanwhile, MSCI is reviewing whether asset-holding companies like Strategy should remain in its indexes, with a decision expected November 11. BTC was trading around $81,500 after recovering, as oil’s retreat helped restore risk appetite. An estimated $2.8 billion in potential selling relates to Strategy shares if MSCI delists the company.
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
