Strategy (MSTR) Stock Jumps as Company Buys 267 Bitcoin and Lifts Buyback to $3B

TLDR Strategy (MSTR) bought 267 Bitcoin for $22.1 million between Oct. 12 and Oct. 18, bringing its total to 848,517 BTC. The company repurchased 1.94 million STRC preferred shares for $193.1 million. Its digital credit securities buyback authorization rose to $3 billion from $2 billion. MSTR closed Friday down about 10% at $138.83 and was up more than 2.5% premarket Monday. MSCI plans new rules that could lead to Strategy being dropped from its indexes. Strategy (MSTR) closed Friday at $138.83, down about 9.6% on the day. Ahead of Monday’s open, the stock was trading more than 2.5% higher in premarket activity, according to Yahoo Finance. Strategy Inc, MSTR The company added 267 Bitcoin last week for $22.1 million, at an average price of $82,900 per coin.

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