Strategy Buys 1,036 BTC, Spends More on STRC Buybacks
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Insights by Echo AI
MicroStrategy Inc. (MSTR) has purchased 1,036 bitcoins (BTC) for approximately $81.9 million, increasing its holdings to 850,364 BTC. This purchase was funded by selling $283.8 million worth of MSTR shares. Notably, the company also spent $188.3 million buying back its own STRC preferred shares, more than double the amount spent on Bitcoin. Both transactions were funded by the sale of MSTR shares.
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