Strategy Doubles Digital Credit Repurchase Authorization
Strategy has doubled its digital credit repurchase authorization to $2 billion, using U.S. dollar cash in the process.
The company bought back 1,810,885 STRC shares between August 31 and September 7, with a total cost of $176.3 million.
Strategy's average acquisition price for its Bitcoin holdings is about $75,412 per coin, which is below the prevailing market price on September 8.