Crypto
Strategy Repurchases $139M STRC Stock, Bitcoin Holdings Unchanged at 845K BTC
Strategy has spent $139.3 million repurchasing STRC preferred stock between September 8 and 13, leaving its Bitcoin holdings unchanged for a second week at 845,050 BTC.
The company funded the buyback from its USD Cash reserve, which declined by $139 million to $1.21 billion over the same period.
Strategy's total Bitcoin position was valued at $65.7 billion as of September 14, implying roughly $2 billion in unrealized gains since it acquired the coins for an average price of $75,412 each.