Saylor Fires $176M at STRC as Strategy Doubles Buyback War Chest
Strategy founder Michael Saylor announced Tuesday that the company repurchased $176 million of STRC and doubled its securities repurchase program to $2 billion, putting fresh attention on how the bitcoin-heavy company supports its financing strategy. Strategy Doubles Its Buyback Capacity The move, filed with the U.S. Securities and Exchange Commission (SEC), affects Strategy’s U.S. securities […]
Key Takeaways
- Strategy founder Michael Saylor announced Tuesday that the company repurchased $176 million of STRC and doubled its securities repurchase program to $2 billion, putting fresh attention on how the bitcoin-heavy company supports its financing strategy.
- Strategy Doubles Its Buyback Capacity The move, filed with the U.S.
- Securities and Exchange Commission (SEC), affects Strategy’s U.S.
Summary generated by IndiCrypto from News.Bitcoin.com. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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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 program to $2 billion, while pausing on new Bitcoin buys.
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