Strategy Repurchases STRC Preferred Shares, Doubles Digital Credit Program

Strategy, the world-leading corporate treasury company run by Michael Saylor's MSTR (NASDAQ), revealed in its latest SEC filing that it spent $176.3 million repurchasing its STRC preferred shares.

The company doubled the size of its digital credit repurchase program to $2 billion during the same period and left its Bitcoin stash untouched, still holding 845,050 BTC worth around $66.1 billion at current prices.

Strategy's CEO Phong Le has defended selling Bitcoin in the past to meet obligations, but it recently purchased 4,603 BTC for about $369.7 million after a two-month no-purchase streak.