- Strategy spent $208.2 million repurchasing STRC preferred shares last week, more than three times the $65.5 million it allocated to Bitcoin acquisitions.
- The firm bought 811 Bitcoin (BTC) at an average price of $80,846, according to a recent SEC filing.
- To fund these moves, Strategy sold approximately 1.18 million MSTR shares for net proceeds of $164 million; $98.5 million was added to its USD Cash balance.
Strategy allocated more than three times as much capital to repurchasing its STRC preferred shares as it did to acquiring Bitcoin last week, according to a Monday filing with the SEC. The company spent $208.2 million on STRC buybacks while committing roughly $65.5 million to purchase 811 Bitcoin at an average price of $80,846.
Meanwhile, Strategy sold about 1.18 million MSTR shares for net proceeds of $164 million. The filing details that $65.5 million funded the Bitcoin purchase, while the remaining $98.5 million was allocated to the company’s USD Cash balance. As of Sunday, the firm held $132.7 million in USD Cash and $4.79 billion in its separate US dollar reserve.
✅ Follow BITNEWSBOT on Telegram, Facebook, LinkedIn, X.com, and Google News for instant updates.
