Strategy (MSTR) Stock Falls as STRC Buybacks Outpace Bitcoin Buying
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TLDR Strategy bought 1,036 Bitcoin for $81.9 million, lifting holdings to 850,364 BTC. It paid $79,012 per coin last week, above its $75,456 overall average. The company spent $188.3 million on STRC buybacks, more than twice its Bitcoin spend. Since October, buybacks total about $1.06 billion versus $219.7 million on Bitcoin. MSTR stock traded near $125 in Monday premarket, down about 3%. Strategy (MSTR) stock traded near $125 in Monday premarket, down about 3%. The move came after the company’s latest SEC filing showed another Bitcoin purchase. Strategy Inc, MSTR Strategy bought 1,036 Bitcoin for $81.9 million last week. That lifts its holdings to 850,364 BTC. The average price last week was $79,012 per coin. That is above the $75,456 average the company has paid across its full stack.
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