Strategy skips Bitcoin buy to repurchase $176M of STRC preferred shares
60-second summary
Strategy repurchases $176 million of STRC preferred shares, doubling its digital securities buyback program to $2 billion, while halting new Bitcoin purchases. The move signals confidence in its own equity and a shift away from direct crypto exposure, suggesting investors may see stronger returns from internal repurchases than from Bitcoin’s volatile price movements.
Strategy repurchased $176 million worth of its STRC preferred stock and doubled the size of its digital securities repurchase program to $2 billion, while pausing on new Bitcoin buys.