Strategy Buys $22M in Bitcoin, Buys Back $193M of STRC

The Bitcoin treasury firm raised its preferred stock buyback cap to $3 billion and now holds 848,517 BTC, bought at an average of $75,446. Strategy added 267 Bitcoin to its holdings as it bought back 1.94 million STRC shares and boosted its preferred stock buyback program to $3 billion.

Key takeaways

• Strategy Bitcoin Buys Slow as Company Focus Remains on STRC Buybacks
• The Bitcoin treasury firm raised its preferred stock buyback cap to $3 billion and now holds 848,517 BTC, bought at an average of $75,446.
• Strategy bitcoin purchases dropped to 267 BTC last week as the company spent $193.1M on STRC repurchases and lifted its buyback cap to $3B.

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