Strategy Trades 1,690 BTC for STRC Preferred Stock Buyback

Strategy, formerly known as MicroStrategy, has marked a significant shift in its corporate treasury management by selling $108.6 million worth of Bitcoin to fund the buyback of its STRC preferred stock.

This move represents a departure from the company's historic 'HODL-only' treasury model, transitioning instead towards an active capital management framework that utilizes Bitcoin as a dynamic liquidity engine.

According to reports from Yahoo Finance and Blockonomi, Strategy sold approximately 1,690 BTC, with its USD reserves climbing to $4.65 billion following the transaction.