Strategy, the publicly traded corporate vehicle associated with Michael Saylor, added to its Bitcoin position last week while simultaneously prioritizing preferred-stock buybacks at a much faster...
Michael Saylor’s Strategy has continued adding Bitcoin while simultaneously leaning heavily into buybacks of its preferred stock. In a filing made with the U.S. Securities and Exchange Commission...
Strategy added 267 Bitcoin to its holdings as it bought back 1.94 million STRC shares and boosted its preferred stock buyback program to $3 billion.
Strategy acquired 267 Bitcoin for $22 million between Oct. 12-18, lifting total holdings to 848,517 BTC per its October 19 Form 8-K filing.
Strategy shares rose 2.53% after the company bought 267 Bitcoin and repurchased $193.1 million of STRC preferred stock during the latest reporting period.
Michael Saylor hinted at another Bitcoin purchase as Strategy's holdings stand at 848,250 BTC, a week after spending far more on share buybacks than BTC.
Michael Saylor’s Strategy (NASDAQ: MSTR) disclosed in its October 19 filing that it paid $22.1 million for 267 BTC during the previous week. During the same week, the firm wrote a $193.1 million...
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