Strategy Inc. announced the repurchase of 1,420,467 shares of its variable-rate preferred stock for a total of $139.3 million. This operation, funded entirely from the company’s USD cash reserves, drove a 4.3% increase in MSTR share price. The company still has $1.05 billion remaining under its $2 billion repurchase program. Simultaneously, Strategy maintains its full Bitcoin holdings of 845,050 BTC, valued at approximately $65.7 billion. The dividend rate on its preferred stock now stands at 12%.
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