Strategy bought 950 BTC for $75.7M but spent twice as much buying back STRC
- —950 BTC bought for $75.7M at an average price of $79,670
- —Holdings now 846,000 BTC at an average cost of $75,416
- —STRC buyback of 1,771,238 shares cost $174 million
- —Remaining buyback capacity: $875.1M for preferreds, $1B for MSTR
Why it matters: The spending split shows Strategy is directing more cash to servicing its preferred stock than to adding new bitcoin.
Source: Bitcoin Magazine NL