Strategy's Return to Bitcoin Buying Lasted Exactly One Week
The Bitcoin treasury firm spent $176.3 million on its own preferred stock, and doubled the buyback program's authorization to $2 billion.
Archive context
Published in the last two hours. A tracked entity is involved.
Why this matters
Bitcoin is a tracked market entity in the DigitalMoneyBox archive, making this useful context for readers monitoring repeated mentions and follow-up coverage.
Original source
Read on DecryptRelated market context
Bitcoin miner burns through millions in BTC to buy compute, but new coins are not returning to treasury
BitFuFu, a Bitcoin miner and cloud-mining provider, reported a 55.4% rebound in August production as additional capacity came onli...
Strategy skips Bitcoin buy to repurchase $176M of STRC preferred shares
Strategy repurchased $176 million worth of its STRC preferred stock and doubled the size of its digital securities repurchase prog...
Strategy holds 845,050 BTC, no buys or sells last week
Strategy's unchanged BTC holdings highlight its transformation into a major Bitcoin fund, emphasizing the firm's strategic financi...
Strategy repurchases $176 million of STRC shares, makes no bitcoin purchases or sales
Strategy's total holdings account for around 4% of the 21 million bitcoin supply cap — worth roughly $66 billion.
Strategy boosts repurchase program to $2B, buys back $176M in STRC stock
The expanded repurchase program signals strong confidence in STRC's growth, potentially stabilizing its market value and investor...
Strategy buys 4,603 Bitcoin, continues weekly purchases after 10-week pause
Strategy's renewed bitcoin purchases may boost market confidence, potentially driving STRC's share price towards $100 by year's en...