Strategy Pauses Bitcoin Buys, Repurchases $204.9M of STRC Preferred Stock
- —Holdings unchanged at 848,517 BTC, acquired at an average cost of $75,446
- —Repurchased 2,068,459 STRC shares for $204.9 million in cash
- —USD cash balance stood at $242.4 million after the buyback; USD Reserve at $4.83 billion
- —$956.8 million of the STRC repurchase authorization remains
Why it matters: The pause ends a five-week run of bitcoin purchases, while the priority STRC buyback trims preferred dividend costs.
Source: Crypto Daily