Strategy spent nearly nine times as much on STRC buybacks as Bitcoin last week
Strategy (formerly MicroStrategy) bought 250 Bitcoin for $21.5 million last week while spending $192.4 million to repurchase its STRC preferred shares. On Oct. 12, the Michael Saylor-founded company disclosed that it acquired just 250 Bitcoin for about $21.5 million between Oct. 5 and Oct. 11, extending a slowdown that saw purchases fall to 334 BTC […] The post Strategy spent nearly nine times as much on STRC buybacks as Bitcoin last week appeared first on CryptoSlate.
Key Takeaways
- Strategy (formerly MicroStrategy) bought 250 Bitcoin for $21.5 million last week while spending $192.4 million to repurchase its STRC preferred shares.
- 12, the Michael Saylor-founded company disclosed that it acquired just 250 Bitcoin for about $21.5 million between Oct.
- 11, extending a slowdown that saw purchases fall to 334 BTC […] The post Strategy spent nearly nine times as much on STRC buybacks as Bitcoin last week appeared first on CryptoSlate.
Summary generated by IndiCrypto from CryptoSlate. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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