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Strategy Spends $139M on STRC Preferred Stock Instead of Buying More Bitcoin

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Strategy, an investment company, has made another strategic decision regarding its portfolio. Rather than purchasing Bitcoin for the third week in a row, the company decided to buy back $139.3 million of its own STRC preferred stock. This move comes from Strategy's latest 8-K filing with the SEC, which details the transactions for the period before September 14.

The company's holdings remain unchanged at 845,050 BTC since it disclosed a 4,603 BTC purchase in March. The decision to bypass Bitcoin this time around has sparked some interest among market observers and investors.

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