Funding
Strategy Buys Bitcoin and Repurchases STRC
The Bitcoin treasury firm, Strategy, has repurchased $193.1 million worth of its STRC preferred stock. The company also bought back 1,938,780 shares of STRC using $193.1 million of its USD Cash. Strategy now holds 848,517 BTC, acquired for a total of $64.02 billion at an average of $75,446 per coin. The company used $22 million raised from selling 140,872 shares of its MSTR common stock to fund the purchase.