Strategy Skips Bitcoin Buy, Spends $205M Repurchasing STRC Instead

Michael Saylor’s Strategy paused its bitcoin accumulation last week, instead spending nearly $205 million repurchasing its preferred shares as the company continues to reshape its capital structure. Strategy Stockpiles More STRC Strategy (Nasdaq: MSTR), the world’s largest publicly traded corporate holder of bitcoin, disclosed Monday that it repurchased 2,068,459 shares of its variable-rate Stretch preferred […]