Strategy doubles preferred-securities buyback authorisation to $2 billion

Strategy’s ($MSTR) board increased its digital credit securities repurchase authorisation from $1 billion to $2 billion, including purchases already made. The programme covers preferred securities, not MSTR common shares. The accompanying weekly disclosure reported no bitcoin purchases or sales during the reporting period, with holdings of approximately 845,050 BTC.

Sources:

• Strategy — repurchase programme and bitcoin update, SEC Form 8-K