Story preview
Continue reading on the publisher site for the full article.
Read on publisher →Altcoin Buzz
News Atlas is free and independent. If it’s useful to you, you can support it with a coffee. ☕ Buy me a coffee
Coverage
Tone
Outlets covering it
8
in the last 3 days
First reported
3 days ago
7 outlets since
Countries
7 other outlets reported this story in the last 3 days.
Strategy spent nearly nine times more cash on preferred share buybacks than on bitcoin last week, raising a question that matters to every BTC investor: has the company that built its identity around relentless bitcoin accumulation quietly lost its grip on the price?
Strategy bought 250 BTC for $21.5 million and repurchased $192.4 million of STRC. Its cash balances and financing explain the allocation.
Strategy acquired 250 BTC for $21.5 million, lifting its holdings to 848,250 BTC while repurchasing $192.4 million in STRC.