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Finance· Corporate Finance

Strategy skips Bitcoin buy to repurchase $176M of STRC preferred shares

Michael Saylor’s Strategy paused its weekly Bitcoin purchases to repurchase $176.3 million of its STRC preferred shares and doubled the size of its digital securities repurchase program to $2 billion, the company said in an SEC filing. The firm still holds 845,050 BTC, acquired for $63.6 billion at an average of $75,412 per coin, and made no new Bitcoin buys during the repurchase period.

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