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Strategy spent nearly nine times as much on STRC buybacks as Bitcoin last week
· By MyCryptoSignal Editorial · 71 words
CryptoSlate reports that Strategy, formerly MicroStrategy, spent $192.4 million on repurchasing its STRC preferred shares, with the company also buying 250 Bitcoin last week. This buyback expenditure was nearly nine times the amount spent on Bitcoin, which totaled $21.5 million. The significant disparity in spending between STRC buybacks and Bitcoin purchases may reflect the company's current priorities and allocation of funds.
Read the full story at CryptoSlate: https://cryptoslate.com/strategys-bitcoin-buying-hits-lowest-level-since-december-as-strc-buybacks-reach-record-192-million
Data, not advice.
Source: CryptoSlate — see our editorial policy.
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