Strategy Repurchases $188.3 Million in STRC Preferred Shares

Strategy Inc. repurchased $188.3 million of STRC preferred stock and bought 1,036 Bitcoin (BTC) from Nov. 2 through Nov. 8, pairing a share buyback with an addition to its crypto treasury. Strategy Executive Chairman Michael Saylor disclosed the week’s transactions on Nov. 9. The company held 850,364 BTC as of Nov. 8. At that cutoff, Strategy listed a $4.77 billion USD Reserve and $146.2 million in USD Cash. Together, those dollar balances totaled about $4.9 billion. The STRC transaction involved shares of Strategy’s preferred stock. Strategy expanded its buyback authorization to $3 billion, adding $1 billion to the program. The program covers STRC and other preferred securities. Strategy repurchased $193.1 million of STRC shares during Oct. 12–18 under that program. The Nov.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to TokenPost.