Strategy Buys 250 BTC but Spends Nine Times More on STRC Buybacks

DailyCoin ·
Cryptocurrency

Strategy, the world’s largest corporate holder of Bitcoin (BTC), announced on October 12 that it purchased 250 BTC between October 5 and 11, marking its fourth consecutive week of acquisitions. In the same week, the company spent $192.4 million repurchasing its own STRC preferred shares, roughly nine times more than it spent on bitcoin. Strategy Details Bitcoin Purchase and STRC Repurchase…

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