Strategy Favoring Stock Buybacks Over New BTC Purchases

Strategy, the parent company of Michael Saylor's MicroStrategy, spent $174 million repurchasing STRC preferred shares and $75.7 million buying Bitcoin in a recent week.

The company used existing cash to finance both purchases, without issuing any new shares or selling through its at-the-market offering programs.

STRC remains the larger cash commitment for Strategy, with the company directing 2.3 times more money toward repurchasing STRC preferred shares than buying Bitcoin during the week.