Crypto
Strategy Pauses Bitcoin Buys Again Amid STRC Stock Buyback Efforts
Michael Saylor's Strategy has paused its weekly Bitcoin buys again, marking a second week in a row without purchasing BTC. The move comes after resuming purchases two weeks ago, following a two-month pause in buying.
The company still holds 845,050 BTC, acquired for $63.73 billion at an average price of $75,412.
Despite the halt on BTC buys, Strategy has maintained its STRC stock buyback program and purchased over 1.8 million shares worth $176 million last week.
The move aims to drive the stock back to its par value of $100, with the company increasing the size of its Digital Credit Securities Repurchase Program from $1 billion to $2 billion.