Strategy repurchases $205 million of STRC stock, skips Bitcoin buying ahead of Fed rate call

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Strategy repurchased more than 2 million shares of its variable-rate STRC preferred stock for about $205 million. The company did not repurchase shares of its STRF, STRK or STRD preferred stocks, nor any MSTR common stock. It paused its Bitcoin buying last week ahead of the Federal Reserve’s interest rate decision, leaving its holdings unchanged at 848,517 BTC worth about $68 billion. As of Oct. 25, approximately $957 million remained available for preferred stock repurchases and $1 billion for MSTR buybacks. The STRC repurchases were funded with USD Cash, which fell to $242 million, while Strategy’s USD Reserve stood at $4.8 billion.

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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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