Update
Strategy Buys Bitcoin and Returns Shares of STRC
Strategy, a Bitcoin treasury firm, purchased 1,036 BTC for $81.9 million in the latest weekly transaction. The firm also bought back 1,887,464 shares of STRC for $188.3 million, using proceeds from selling 2,051,348 shares of MSTR stock for $283.8 million. The buyback was funded from the sale of MSTR stock, with the remaining $13.6 million going to its USD Cash account. This marks a change from the previous week, when Strategy paid for its STRC buyback from its USD Cash account, reducing the balance to $132.7 million. The update comes two days before MSCI is expected to publish the list of companies affected by its new rules, which could remove Strategy from its equity indexes.