Strategy hits a 5 week pause on Bitcoin, using $25M to quietly buy back its own discounted stock

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AI Summary

Strategy (formerly MicroStrategy) has begun buying back its STRC preferred stock as the Bitcoin treasury company shifts more capital toward supporting its financing structure. In a July 27 SEC update, Strategy said it purchased 288,930 STRC shares for $25 million between July 20 and July 26, marking the first disclosed use of a $1 billion […]
The post Strategy hits a 5 week pause on Bitcoin, using $25M to quietly buy back its own discounted stock appeared first on CryptoSlate.

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