Strategy Buys Back $139 Million of STRC, Bitcoin Stack Frozen for Second Week
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Strategy, a Bitcoin treasury firm, executed a $139 million repurchase of its preferred stock during the latest period, marking a deceleration from the previous week's $176 million buyback pace. The company's Bitcoin holdings remained static at 845,050 BTC, unchanged for a second consecutive week, according to an SEC filing released Monday. The pullback in buyback activity suggests a shift in capital allocation priorities, though the firm maintained its substantial cryptocurrency reserve intact.
- Strategy's preferred-stock repurchase activity slowed week-over-week, dropping from $176 million to $139 million.
- The company's Bitcoin position stayed flat at 845,050 BTC, extending a two-week freeze on accumulation or distribution.
- The filing signals potential recalibration of the firm's buyback cadence rather than a directional change in Bitcoin strategy.
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Strategy Buys Back $139 Million of STRC, Bitcoin Stack Frozen for Second Week
Strategy Buys Back $139 Million of STRC, Bitcoin Stack Frozen for Second Week
The Bitcoin treasury firm slowed its preferred-stock buyback from last week's $176 million pace and left its 845,050 BTC untouched, per a Monday SEC filing.