Strategy spends $139.3 million on preferred-share repurchases
Strategy ($MSTR) repurchased approximately 1.42 million STRC preferred shares for $139.3 million during its latest reporting period. The purchases were funded from its USD Cash balance. It reported no bitcoin purchases or sales, leaving holdings unchanged at 845,050 BTC for a second consecutive weekly disclosure.
The company separately reported $5.1 billion in its USD Reserve and $1.3 billion in USD Cash; these are distinct balances with different roles in its capital framework. The repurchases concern STRC preferred securities, not MSTR common shares. This is fresh execution under the previously expanded preferred-securities authorization, rather than another increase in that authorization. Holding bitcoin steady also means the announcement is not a new cryptocurrency accumulation event.
Sources:
Sign in or create an account to comment.
0 comments
Be the first to share your perspective.