MicroStrategy Bolsters Reserves and Repurchases STRC Amid BTC Price Action
MicroStrategy has made significant moves in its financial strategy, adding $150M to its USD Reserve and repurchasing $132M of STRC.
This move extends the duration of MicroStrategy's USD Reserves to 2.8 years and tightens the STRC BTC Credit spread to 114 bps.
The current price of BTC is at $63,541.55, trading within its Bollinger Bands on the 4h chart.