Strategy buys 267 bitcoins and repurchases 193 million dollars of STRC shares

Strategy continues its financial strategy by combining bitcoin purchases and preferred stock buybacks. Between October 12 and 18, Michael Saylor’s company acquired 267 BTC for 22.1 million dollars. At the same time, it dedicated 193.1 million dollars to repurchasing STRC securities. This operation comes as Strategy maintains a significant bitcoin reserve, and its leader anticipates a market return to a bullish phase. Michael Saylor’ s company Strategy purchased 267 bitcoins between October 12 and 18, at an average price of 82,900 dollars per unit. The company thus invested an additional 22.1 million dollars in the leading cryptocurrency. According to a document submitted Monday to the Securities and Exchange Commission (SEC), its reserves now total 848,517 BTC.

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