MicroStrategy Buys Just 334 Bitcoin, Spends 6x More on Buybacks: What Changed?
MicroStrategy bought 334 Bitcoin for $28.7 million but spent $176.3 million buying back its preferred stock this week. The post MicroStrategy Buys Just 334 Bitcoin, Spends 6x More on Buybacks: What Changed? appeared first on BeInCrypto.
Key Takeaways
- MicroStrategy bought 334 Bitcoin for $28.7 million but spent $176.3 million buying back its preferred stock this week.
- The post MicroStrategy Buys Just 334 Bitcoin, Spends 6x More on Buybacks: What Changed?
- appeared first on BeInCrypto.
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Strategy added another 334 BTC for $28.7 million, bringing its bitcoin holdings to exactly 848,000 BTC as of Oct. 4. The company paid an average $85,838.80 per coin in the latest purchase, while its entire bitcoin position carries a $63.97 billion cost basis.…