Strategy turns 1,690 BTC into $108.6M STRC buyback
60-second summary
Strategy is utilizing its growing US dollar reserve, now at $4.65 billion, to buy back shares by selling 1,690 Bitcoin, reducing its holdings to 840,447 BTC. This strategic move has enabled a significant STRC share buyback, totaling $108.6 million, as the company capitalizes on its increased liquidity to strengthen its financial position.
Strategy sold 1,690 Bitcoin to repurchase STRC shares as its US dollar reserve rose to $4.65 billion and its Bitcoin holdings fell to 840,447 BTC.