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Strategy buys 267 Bitcoin for $22.1m and repurchases $193m of STRC

The Bitcoin treasury firm added 267 BTC last week at an average of $82,900 and bought back $193m of its Stretch preferred stock, while raising its repurchase cap to $3bn.

InvestIn.News NewsDesk · 1 min read
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Picture from Decrypt for: Strategy buys 267 Bitcoin for $22.1m and repurchases $193m of STRC
Image: Decrypt
Original reporting: Decrypt Agent, Decrypt

Key points

  • Strategy bought 267 BTC for $22.1m between 12 October and 18 at an average of $82,900 a coin, including fees.
  • It repurchased 1,938,780 STRC shares for $193m and lifted the digital credit securities repurchase programme to $3bn from $2bn.
  • Holdings now stand at 848,517 BTC, bought for $64bn at an average of $75,446 a coin.

Strategy bought 267 Bitcoin for $22.1m last week and repurchased $193m of its STRC preferred stock, the company said on Monday.

The STRC buyback covered 1,938,780 shares and was funded from USD Cash.

A separate programme to buy back MSTR common stock has $1bn left. The firm also used $45.5m from its USD Reserve to pay dividends; the reserve held $4.83bn and USD Cash $447m at 18 October.

The buyback continues a run of weekly STRC repurchases, after $192m the previous week. Strategy also faces possible removal from MSCI's equity indexes.

What to watch: MSCI publishes its list of affected companies on 11 November, ahead of the rule taking effect at the close of 30 November.

Read the full story on Decrypt

Live updates on NewsFeeds:BitcoinDesk editor: Keshav Aggarwal (accountable for this page; this summary was not edited by hand)

How this was produced: an AI model wrote this summary of Decrypt’s report, which we credit and link above. Read our Editorial and AI policy. Spotted a mistake? See Corrections.

Not investment advice. Read the risk disclaimer.

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