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