✉news BusinessCrypto first seen 10 d ago, last 10 d ago, peak #32
Strategy Buys $65.5 Million in Bitcoin, Repurchases Preferred Stock
Original: Strategy Buys $65.5 Million in Bitcoin, Repurchases $208.2 Million of Preferred Stock
Strategy, the bitcoin-holding company formerly known as MicroStrategy, purchased $65.5 million worth of bitcoin while also spending $208.2 million to buy back shares of its preferred stock. The company continues to add to its bitcoin treasury while managing its capital structure through preferred share repurchases, moves investors watch closely given its leveraged bitcoin strategy.
Why now: Investors track Strategy's bitcoin purchases and capital moves as signals for the broader crypto market.
Evidence
- Strategy Buys $65.5 Million in Bitcoin, Repurchases $208.2 Million of Preferred Stock · Barchart.com
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